- XAG/USD is currently trading around $15.14 marks.
- It made intraday high at $15.15 and low at $15.05 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at $14.87 mark.
- A daily close above $15.12 will test key resistances at $15.15, $15.22, $15.38, $15.57, $15.62 and $15.84 marks respectively.
- On the other side, a daily close below $15.12 will take the parity down towards key supports at $14.98, $14.87, $14.68, $14.52 and $14.40 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take long position on XAG/USD around $15.12, stop loss at $14.98 and target of $15.22/$15.38.
