FxWirePro: Silver hits fresh 4-week high at $18.10 mark, stay bullish
XAG/USD is currently trading around $18.02 marks. It made intraday high at $18.08 and low at $18.00 levels. Intraday bias remains bullish till the time pair holds key support at $17.72 mark. A daily close above $18.08 wi…
It made intraday high at $18.08 and low at $18.00 levels.
Intraday bias remains bullish till the time pair holds key support at $17.72 mark.
A daily close above $18.08 will test key resistances at $18.22/$18.48/$18.88 marks respectively.
On the other side, a daily close below $18.08 will take the parity down towards key supports at $17.72/$17.48/$17.42/$17.22/$17.09/$16.87/$16.65 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 go long on XAG/USD around $18.00 with stop loss at $17.72 and target of $18.22/$18.28/$18.36.
