FxWirePro: Silver rejects key resistance at $18.72 mark, U.S. NFP job data in focus
XAG/USD is currently trading around $18.24 marks. It made intraday high at $18.38 and low at $18.20 levels. Intraday bias remains bearish till the time pair holds immediate resistance at $18.72 marks. A daily close above…
It made intraday high at $18.38 and low at $18.20 levels.
Intraday bias remains bearish till the time pair holds immediate resistance at $18.72 marks.
A daily close above $18.42 will test key resistances at $18.72/$18.88/$19.25 marks respectively.
Alternatively, a daily close below $18.31 will take the parity down towards key supports at $17.82/$17.52/$17.33/$17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.
U.S. will release NFP job data at 1130 GMT.
We prefer to go long on XAG/USD around $18.22 with stop loss at $17.98 and target of $18.62/$18.72/$18.99.
