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    XAG/USD: Fibonacci analysis on 15.01.2016

    An upward correction is likely.

    On the 4-hour chart, the price grew to the level of 14.07 (50% correction). Further growth is possible to the levels of 14.14 (61.8% correction) and 14.24 (23.6% correction for the medium-term trend). If price rebounds from the level of 14.07 it is likely to fall along the 61.8% fan line towards 13.99 (38.2% correction) and 13.90 (23.6% correction). 

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