XAGUSD Weekly Forecast Mar 24 2014

Despite the sharp fall last week , Outlook in XAGUSD remains neutral with risk to the upside as long as support 19.93 holds on a weekly basis , stability above the 19.93 levels could mean a return to the 21.50 levels , a clear break would challenge 22.17 levels , a break would open 23.20 levels ahead of 24.30 levels .

On the downside , sustained trading – weekly closing – below 19.93 will open 19.08 levels ahead of the 18.67 levels , a halt is likely , but a cut will extend losses towards the 17.50 levels.

In all , as long as support 19.93 holds on a weekly closing basis , the XAUUSD will remain based to the upside towards the 21.50/22.17 levels , losing the 19.93 levels will reverse risks towards the 18.70 levels.

 

XAGUSD Weekly Forecast Mar 24 2014

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