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- XAG/USD is currently trading around $17.83 marks.
- It made intraday high at $17.88 and low at $17.69 levels.
- Intraday bias remains bullish till the time pair holds key support at $17.42 mark.
- A daily close above $17.70 will test key resistances at $17.88, $17.99, $18.10 and $18.24 marks respectively.
- On the other side, a daily close below $17.70 will take the parity down towards key supports at $17.54/$17.42/$17.35/$17.26/$17.18/$17.01/$16.87/$16.75/$16.55/$16.42/$16.28/$16.10 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 $17.76 with stop loss at $17.65 and target of $18.10.
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