Silver H1 | Overlap resistance at 38.2% Fibonacci retracementSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 36.83 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 37.10 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 36.21 which is a multi-swing-low support that aligns closely with the 61.8% Fibonacci retracement.
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