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- XAG/USD is currently trading around $17.60 marks.
- It made intraday high at $17.63 and low at $17.50 levels.
- Intraday bias remains bullish till the time pair holds key support at $17.34 mark.
- A daily close above $17.53 will test key resistances at $17.99/$18.12/$18.26/$18.47 marks respectively.
- On the other side, a daily close below $17.53 will take the parity down towards key supports at $17.32/$17.25/$17.06/$16.99/$16.85/$16.70/$16.57/$16.37/$16.20/$16.05 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on XAG/USD around $17.58 with stop loss at $17.34 and target of $17.99/$18.12.
