XAGUSD is approaching support, potential bounce

Price is facing bullish pressure from our pivot, in line with our graphical swing low support, 61.8%, 100% fibonacci extension and 61.8% fibonacci retracement where we could see a bounce above this level to our resistance level at 25.7448. Failure to hold above our pivot level at 24.8266 could see a swing towards our first support target at 24.3984.

Pivot: 24.8266
Supporting Points:
graphical swing low support, 61.8%, 100% fibonacci extension and 61.8% fibonacci retracement

1st Support: 24.3984
Supporting Points:
78.6% fibonacci retracement

1st Resistance: 25.7448
Supporting Points:
Horizontal swing high resistance, 78.6% Fibonacci retracement
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