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- XAG/USD is currently trading around $18.44 marks.
- It made intraday high at $18.66 and low at $18.26 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $18.67 mark.
- A daily close above $18.63 will test key resistances at $18.87, $18.98, $19.08 and $19.24 marks respectively.
- On the other side, a daily close below $18.36 will take the parity down towards key supports at $18.15, $18.02, $17.87, $17.70, $17.62 and $17.47 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 $18.42, stop loss at $18.12 and target of $18.67/$18.98/$19.08.
