XAGUSD is approaching pivot, potential for further upside.

Price is facing bullish pressure from our pivot, in line with our ascending trend line, 38.2% fibonacci retracement and 61.8% fibonacci extension where a bounce above this level to our first resistance target at 28.3952 is possible. Otherwise, a break below our pivot will see price drop towards 1st support at 26.2302.

Pivot: 26.9580
Supporting Points:
ascending trend line, 38.2% fibonacci retracement and 61.8% fibonacci extension

1st Support: 26.2302
Supporting Points:
Graphical swing low support and 78.6% fibonacci retracement

1st Resistance: 28.3952
Supporting Points:
61.8% fibonacci retracement, graphical pullback resistance
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