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- XAG/USD is currently trading around $17.78 marks.
- It made intraday high at $17.81 and low at $17.68 levels.
- Intraday bias remains neutral till the time pair holds key resistance $17.82 mark.
- A daily close above $17.78 will test key resistances at $17.90, $18.20, $18.32, $18.40, $18.87, $18.98, $19.08 and $19.24 marks respectively.
- On the other side, a daily close below $17.78 will take the parity down towards key supports at $17.68, $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 only above $17.82, stop loss at $17.67 and target of $17.90/$18.15.
