XAGUSD Weekly Forecast Jul 07 2014

Outlook in XAGUSD remains on the upside this week with risk towards the 21.60  levels, sustained trading above the 20.98  levels will accelerate the expected bullish move towards the 21.60  levels , a halt is likely , but a break would open 22.45  next , further upside will aim the 23.35  levels….

On the downside , support comes at the 20.70  levels , sustained trading – weekly closing below this level will turn outlook neutral for retesting the 20.00  levels ahead of the 19.45  levels before the next rise…..

In all , as long as support 20.70  holds on a weekly closing basis , outlook in XAGUSD remains on the upside towards the 21.60  levels and possible higher towards the 22.45  levels , below 20.70  will turn outlook neutral towards the 20.00/19.45  levels before the next strong rise……

 

XAGUSD Weekly Forecast Jul 07 2014

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