XAGUSD Weekly Forecast Mar 03 2014

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Outlook in XAGUSD remains cautiously on the upside this week, support comes at the 21.00 levels, stability above this level could mean a return to the 22.17 levels, a halt is likely, but break of 22.17 will turn the focus on the 23.30 levels ,further out will aim   the 24.30 levels ,ahead of the 25.00 levels .

On the downside, sustained trading below the 21.00 levels will signal short term topping and open 19.93 levels before the next possible rise, below 19.93 will aim the 18.68 levels.

In all, the XAGUSD is likely to consolidate within 21.00/22.17 range before the next move, above 22.17 will aim the 23.30 levels while below 21.00 will look for the 19.93 levels.

 

XAGUSD Weekly Forecast Mar 03 2014

 

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