- XAG/USD is currently trading around $14.92 marks.
- It made intraday high at $14.98 and low at $14.83 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $15.09 mark.
- A daily close above $14.94 will test key resistances at $15.09, $15.22, $15.32, $15.40, $15.57, $15.62 and $15.84 marks respectively.
- On the other side, a daily close below $14.94 will take the parity down towards key supports at $14.83, $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 only above $15.00, stop loss at $14.83 and target of $15.09/$15.22.
