XAGUSD Weekly Forecast Sept 15 2014

Outlook in XAGUSD remains on the downside as long as resistance 18.91 holds on a weekly closing basis , support comes at the 18.46 levels ,  losing this level will accelerate the bearish move towards the 18.16 levels . a halt is likely , but further losses will pave the way towards the 17.17/16.23 levels…

On the upside , resistance comes at the 18.71 levels ahead of the 18.91 levels (main) , a clear break above the 18.91 levels will turn outlook neutral for retesting the 19.32/19.89 levels before the next fall…

In all , as long as resistance 18.71/18.91 holds on a weekly closing basis , outlook in XAGUSD remains on the downside towards the 18.16 levels and possible lower towards the 17.17/16.23  levels , a clear break above the 18.91 levels will reverse risk towards the 19.32/19.89  levels before the next fall…

 

XAGUSD Weekly Forecast Sept 15 2014

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