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- XAG/USD is currently trading around $19.70 marks.
- It made intraday high at $19.75 and low at $19.48 levels.
- Intraday bias remains bullish till the time pair holds key support at $19.32 levels.
- A daily close below $19.32 will take the parity down towards key supports at $19.17, 19.12, $19.09, $18.87 and $18.68 marks respectively.
- On the other side, a daily close above $19.78 will test key resistances at $19.88/$20.05/$20.32/$20.45/$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 take long position in XAG/USD only above $19.75 with stop loss at $19.48 and target of $20.05.
