XAGUSD Weekly Forecast Feb 17-21

The XAGUSD maintained a bullish momentum last week, bottomed at the 19.93 levels and topped at the 21.49 levels. this development leaves the pair targeting the 22.30 levels, a halt is suggested but a breach will turn the focus on the 23.30 levels, further out will aim the 24.35 levels.

On the downside, main support comes at the 19.93 levels, losing this level will signal short term topping and open 18.67 levels, a cut will extend losses towards the 17.85/16.85 levels.

In all, as long as 19.93 holds the pair will remain biased to the upside with risk towards 22.30 ahead of 23.30 levels, losing the 19.93 will reverse risks towards the 18.67 and possibly lower.

 

XAGUSD Weekly Forecast Feb 17-21

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