FxWirePro: Go long on XAG/USD around $15.15 with stop loss at $15.05 and target of $15.72
XAG/USD is currently trading around $15.18 marks. It made intraday high at $15.47 and low at $14.98 levels. Intraday bias remains bullish for the moment. A daily close above $15.00 will test key resistances at $15.06, $1…
It made intraday high at $15.47 and low at $14.98 levels.
Intraday bias remains bullish for the moment.
A daily close above $15.00 will test key resistances at $15.06, $15.22, $15.57 and $15.86 marks respectively.
On the other side, a daily close below $14.98 will take the parity down towards key supports at $14.40, $13.97, $13.81, $13.62, $13.17 and $12.62 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 $15.15, stop loss at $15.05 and target of $15.72/$15.86.
