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- XAG/USD is currently trading around $20.52 marks.
- It made intraday high at $20.62 and low at $20.27 levels.
- Intraday bias remains bullish till the time pair holds key support at $20.32 levels.
- A daily close above $20.62 will test key resistances at $20.78, $21.09 and $21.46 marks respectively.
- On the other side, a daily close below $20.32 will take the parity down towards key supports at $20.05, $19.88, $19.78, $19.41, $19.28, $19.17, 19.12, $19.09, $18.87 and $18.68 marks respectively.
- Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in XAG/USD around $20.48 with stop loss at $20.32 and target of $20.78/$20.95.
