- XAG/USD is currently trading around $14.88 marks.
- It made intraday high at $14.90 and low at $14.82 levels.
- Intraday bias remains bullish till the time pair holds key support at $14.82 mark.
- A daily close above $14.87 will test key resistances at $14.98, $15.10, $15.32 and $15.47 marks respectively.
- On the other side, a daily close below $14.87 will take the parity down towards key supports at $14.82, $14.72, $14.57 and $14.34 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 $14.90, stop loss $14.82 and target of $15.10.
