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- XAG/USD is currently trading around $18.23 marks.
- It made intraday high at $18.36 and low at $18.10 levels.
- Intraday bias remains bullish till the time pair holds key support $18.10 mark.
- A daily close above $18.10 will test key resistances at $18.40, $18.87, $18.98, $19.08 and $19.24 marks respectively.
- On the other side, a daily close below $18.10 will take the parity down towards key supports at $17.78, $17.62, $17.56, $17.40 and $17.17 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 take long position on XAG/USD around $18.22, stop loss at $18.09 and target of $18.40/$18.52.
