XAGUSD Weekly Forecast Feb 24-28

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Outlook in XAGUSD remains on the upside this week as long as support 21.30 holds with risk towards the 22.30 levels ahead of the 23.30 levels, break of 23.30 will turn the focus on the 24.30 levels, further out will aim the 25.00 levels.

On the downside, minor support comes at the 21.30 levels, below this level will turn outlook neutral and bring consolidations, but downside below 21.30 should be contained well by the 19.93 levels, below 19.93 may expose the 18.67 levels.

In all, as long as support 21.30 holds, the XAGUSD will remain biased to the upside with risk towards the 22.30 levels ahead of the 23.30 levels, losing the 21.30 levels will turn outlook neutral and bring consolidations.

 

XAGUSD Weekly Forecast Feb 24-28

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