XAGUSD Daily Forecast Sept 04 2014

Outlook in XAGUSD remains on the downside as long as resistance 19.44 /19.89  holds on a daily closing basis , support comes at the 19.08 levels where a cut will open the 18.85 levels , a halt is likely , but losing the 18.85  levels will open 18.58 next , further downside will aim the 18.27  levels…

On the upside , resistance comes at the 19.44 levels ahead of the 19.89  levels (main) , a clear break above the 19.89  levels will turn outlook neutral for retesting the 20.30/20.92  levels before the next fall…

In all, as long as resistance 19.44 /19.89  holds on a daily closing basis , outlook in XAGUSD remains on the downside towards the 18.85  levels ahead of the 18.58 levels , above the 19.89  levels would only delay the bearish move for retesting the  20.30/20.92  levels before the next possible  fall…

 

XAGUSD Daily Forecast Sept 04 2014

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