XAGUSD Weekly Forecast Jul 14 2014

Outlook in XAGUSD remains on the upside as long as support 20.70 holds  , resistance comes at the 21.57 levels , a break would open 22.35 next , further upside will aim the 23.40 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 22.35  levels and possible higher towards the 23.40  levels , below 20.70  will turn outlook neutral towards the 20.00/19.45  levels before the next  possible  rise……

 

XAGUSD Weekly Forecast Jul 14 2014

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