- XAG/USD is currently trading around $15.27 marks.
- It made intraday high at $15.32 and low at $15.15 levels.
- Intraday bias remains neutral till the time pair moves in stiff boundaries from $15.15 to $15.32 mark.
- A daily close above $15.28 will test key resistances at $15.38, $15.47, $15.52, $15.65, $15.85, $15.96, $16.08, $16.20, $16.40 and $16.55 marks respectively.
- On the other side, a daily close below $15.28 will take the parity down towards key supports at $15.15, $15.02 and $14.87 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take long position on XAG/USD only above $15.32, stop loss $15.15 and target of $15.47.
