XAGUSD Weekly Forecast Sept 08 2014

Outlook in XAGUSD remains on the downside , as long as resistance 19.28/19.89  holds on a weekly closing basis , support comes at the 18.66/18.16 levels , a halt is likely , but losing this level would open 17.17 next , further losses will aim the 16.23 levels..

On the upside , resistance comes at the 19.28/19.89  levels , a clear break above the 19.89 levels will turn outlook neutral for retesting the 19.28/19.89  before the next fall.

In all , as long as resistance 19.28/19.89  holds on a weekly closing basis , outlook in XAGUSD remains on the downside towards the 18.66/18.16 levels and possible lower towards the 17.17 levels…break of the 19.89 levels on a weekly closing basis will reverse risks towards the 21.57/22.17 levels before the next fall…

 

XAGUSD Weekly Forecast Sept 08 2014

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