XAGUSD Weekly Forecast 27 – 31 Jan

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XAGUSD Weekly Forecast 27 – 31 Jan  (Neutral )

Recommendations: LONG positions  above 19.55  with 20.81 & 21.75 as next targets.

Alternative scenario: The downside breakout of 19.55 will call for a slide to 18.67/17.50

Description: Outlook in XAGUSD is cautiously on the upside this week with risk towards 20.81 ahead of 21.75 levels as long as support 19.55  holds on a daily closing basis, break of 21.75 would open 22.67 levels next. On the downside losing, 19.55 would reverse risks to the downside towards 18.67 ahead of 17.50 levels.

Support & Resistance :16.5017.50 , 18.67 ,  19.55 (Pivot) , 20.81 , 21.75 , 22.67

XAGUSD Weekly Forecast 27 - 31 Jan

MARKET DATA

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