FxWirePro: Prefer to go long on XAG/USD only above $18.29 with stop loss at $18.17 and target of $18.48
XAG/USD is currently trading around $18.26 marks. It made intraday high at $18.29 and low at $18.20 levels. Intraday bias remains bullish till the time pair holds key support at $18.17 mark. A daily close above $18.29 wi…
It made intraday high at $18.29 and low at $18.20 levels.
Intraday bias remains bullish till the time pair holds key support at $18.17 mark.
A daily close above $18.29 will test key resistances at $18.39/$18.48/$18.72 marks respectively.
On the other side, a daily close below $18.29 will take the parity down towards key supports at $18.17/$18.00/$17.90/$17.72/$17.51/$17.42/$17.22/$17.09/$16.87/$16.65 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 only above $18.29 with stop loss at $18.17 and target of $18.48/$18.58.
