xagusd trading outlook march 06th 2015

xagusd trading outlook

xagusd trading outlook

Xagusd ( silver ) trading flat since many days and now its trading at 16.18$ , Silver price is respecting our main resistance of 16.55$ which we are updating since beginning of the week and again its same . If silver price manage to hit this resistance and sustain above this technical level then expect some sunshine in silver prices upto 16.80$ – 17$.

A good support in silver prices at 15.90$ , if silver break this and manage to sustain beneath below this technical support then expect silver to test upto 15.70$ – 15.50$ .

Xagusd trading outlook conclusion: No major trend in silver , so just follow resistance and support we provided today

More will update to our subscribers


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About mohdarafat

Technical analyst by profession deals in commodities, forex markets

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