XAGUSD, H2
On the H2 timeframe, XAGUSD recovering after a correction, facing the golden Fibonacci ratio at the 34.20 resistance.
The price breaks above the upper Bollinger band, and the DeMarker oscillator is in the overbought zone, giving a potential bearish sentiment.
- If the price breaks above the golden Fibonacci pocket, it will rise the asset to 34.90;
- Conversely, rebounding from the 34.20 resistance will lead to a decline to 33.80 and the 38.2 Fibonacci ratio.
