XAGUSD Daily Forecast Aug 29 2014

Outlook in XAGUSD  remains on the downside as long as as resistance 20.14  holds on a daily closing basis , support comes at the 19.32   levels , a halt is likely , but losing this level would open 18.80  next , further losses will pave the way towards 18.15  levels…

On the upside , resistance comes at the 20.14 levels , break of the 20.14  levels on a daily closing basis will turn outlook neutral towards the  20.92  levels before the next fall…above 20.92 will recapture the 21.57 levels before the next move…

In all , as long as resistance 20.14   holds on a daily closing basis , outlook in XAGUSD  remains on the downside towards 19.30/18.80  levels , above the 20.14  levels will open the 20.92  levels before the next fall…

 

XAGUSD Daily Forecast Aug 29 2014

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