- XAG/USD is currently trading around $19.86 marks.
- It made intraday high at $19.87 and low at $19.74 levels.
- Intraday bias remains bullish till the time pair holds key support at $19.70 levels.
- A daily close below $19.70 will take the parity down towards key supports at $19.44, $19.05, $18.88, $18.68, $18.44, $18.17, $17.69, $17.50 and $17.08 marks respectively.
- On the other side, a daily close above $20.00 will test key resistances at $20.10/$20.22/$20.32/$20.46/$20.67/$20.78/$21.09 and $21.46 marks respectively.
- Important to note here that in a daily chart 20D, 30D and 55D EMA heads up and confirms the bullish trend.
We prefer to go long on XAG/USD around $19.80 with stop loss at $19.70 and target of $20.22/$20.46.
