XAGUSD Daily Forecast Aug 22 2014

Outlook in XAGUSD remains on the downside as long as resistance 19.75 holds on a daily closing basis , support comes at the 19.30 levels , losing this level accelerate the bearish move towards the 18.60 levels where a cut will aim the 17.90/17.40 levels..

On the upside , sustained trading – daily closing – above the 19.75 levels will turn outlook neutral towards the 20.25/20.75 levels before the next possible fall ..

In all , as long as resistance 19.75 holds on a daily closing basis , outlook in XAGUSD remains on the downside towards the 19.30/18.60 levels , break of the 19.75 levels on a daily closing basis will turn outlook neutral for retesting the 20.25/20.75 levels before the next fall….

 

XAUUSD Daily Forecast Aug 22 2014

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