XAGUSD Daily Forecast Nov 04 2014

Outlook in XAGUSD remains on the downside as long as resistance 16.23/16.53 holds on a daily closing basis , support comes at the 15.75 levels , losing this level will turn focus on the 15.18 levels , a halt is likely , but a break would open 14.45 next , further downside will aim the 13.65 levels.

On the upside resistance comes at the 16.23/16.53 levels , a break will turn outlook neutral for retesting the 17.12/17.85 levels before the next fall.

In all , as long as resistance 16.23/16.53 holds on a daily closing basis , outlook in XAGUSD remains on the downside towards the 15.75 levels ahead of the 15.18/14.45 levels , above the 16.53 will turn outlook neutral for the 17.12/17.85 levels before the next fall.

 

XAGUSD Daily Forecast Nov 04 2014

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