XAGUSD Forecast Feb 03-07

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Recommendations: SHORT positions  below 20.10  with  18.67 & 17.50  as next targets.

Alternative scenario: The upside breakout of 20.10 will open 20.80/22.70 levels.

Description: Outlook in XAGUSD is on the downside towards 18.67 ahead of 17.50 levels as long as resistance 20.10 holds on a daily closing basis, On the upside , break of 20.10 on a daily basis will signal short term bottoming and reverse risks to the upside towards  20.80 ahead of 21.75 levels, further out will aim the 22.70 levels.

Support & Resistance :15.00 ,16.5017.50 , 18.67 ,  20.10 (Pivot) , 20.81 , 21.75 , 22.67 , 23.10

 

XAGUSD Forecast Feb 03-07

MARKET DATA

UPCOMING ECONOMIC EVENTS