XAGUSD Weekly Forecast Apr 14 2014

Outlook in XAGUSD remains neutral with risk to the downside towards the 19.00 levels , a break would open the 18.06 levels , further downside will aim the 17.50 levels ahead of the 17.00 levels.

On the upside , resistance comes at the 20.40 levels , break of the 20.40 levels  will open 21.00 next , more gains will aim the 21.66 levels ahead of the 22.17 levels  , a halt is strongly suggested , but break of the 22.17 levels will extend gains towards the 23.30 levels where a breach will turn focus 24.30 levels…

In all , as long as resistance 22.17 holds on a weekly basis , the XAGUSD will remain under pressure with risk towards the 19.00 levels ahead of the 18.00 levels , break of 20.17 will reverse risks towards the 23.30/24.30 levels…

XAGUSD Weekly Forecast Apr 14 2014