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- XAG/USD is currently trading around $18.16 marks.
- It made intraday high at $18.19 and low at $17.97 levels.
- Intraday bias remains bullish till the time pair holds key support at $17.91 mark.
- A daily close above $18.16 will test key resistances at $18.26/$18.45/$18.88 marks respectively.
- On the other side, a daily close below $18.16 will take the parity down towards key supports at $18.01/$17.91/$17.80/$17.68/$17.51/$17.44/$17.38/$17.22 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 $18.12, stop loss at $17.91 and target of $18.45.
