Technicals

Add as a preferred source on Google

FxWirePro: Silver fails to sustain above key resistance at $15.12, good to sell on rallies

XAG/USD is currently trading around $15.06 levels. It made intraday high at $15.10 and low at $14.87 levels. Intraday bias remains bearish for the moment. A daily close below $15.08 will tests key supports at $15.02, $14…

1 min read
FxWirePro: Silver fails to sustain above key resistance at $15.12, good to sell on rallies
Image from the original EconoTimes article

Read the original article

  • XAG/USD is currently trading around $15.06 levels.
     
  • It made intraday high at $15.10 and low at $14.87 levels.
     
  • Intraday bias remains bearish for the moment.
     
  • A daily close below $15.08 will tests key supports at $15.02, $14.92, $14.77 and $14.55 marks respectively.
     
  • Alternatively, a current rebound from $15.89 will likely to test key resistances at $15.11, $15.32 and $15.72 marks.

We prefer to take short position in XAG/USD around $15.08, stop loss $15.12 and target $14.90 levels.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560