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- XAG/USD is currently trading around $15.03 marks.
- It made intraday high at $15.05 and low at $15.01 levels.
- Intraday bias remains bullish till the time pair holds key support at $14.80 mark.
- A daily close above $15.05 will test key resistances at $15.09, $15.22, $15.32 and $15.40 marks respectively.
- On the other side, a daily close below $14.81 will take the parity down towards key supports at $14.67, $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. Current upside movement is short term trend correction only.
We prefer to take long position on XAG/USD around $15.02, stop loss at $14.95 and target of $15.22.
