Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Silver falls gradually against U.S. dollar, bias remains slightly bearish

  • XAG/USD is currently trading around $14.46 marks.
     
  • It made intraday high at $14.51 and low at $14.37 levels.
     
  • Intraday bias remains slightly bearish for the moment.
     
  • A daily close above $14.51 will test key resistances at $14.70, $14.98, $15.10, $15.32 and $15.47 marks respectively.
     
  • On the other side, a daily close below $14.41 will take the parity down towards key supports at $14.32, $14.18, $14.07 and $13.99 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 short position on XAG/USD around $14.50, stop loss $14.70 and target of $14.32/$14.18.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.