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FxWirePro: Prefer to go long on XAG/USD only above $17.02 with stop loss at $16.87 and target of $17.48

Friday, December 9, 2016 6:34 AM UTC

XAG/USD is currently trading around $16.97 marks.
It made intraday high at $17.00 and low at $16.87 levels.
Intraday bias remains neutral for the moment.
A daily close above $16.97 will test key resistances at $17.02/$17.20/$17.48/$17.82/$18.25/$18.48/$18.99/$19.29/$19.52 marks respectively.
On the other side, a daily close below $16.97 will take the parity down towards key supports at $16.87/$16.64/$16.28/$16.11/$15.88/$15.76/$15.32/$15.01 marks respectively.

We prefer to go long on XAG/USD only above $17.02 with stop loss at $16.87 and target of $17.48.

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FxWirePro: Prefer to go long on XAG/USD only above $17.02 with stop loss at $16.87 and target of $17.48

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