FxWirePro: Silver rises gradually against U.S. dollar, stay bullish only above $17.92 mark
XAG/USD is currently trading around $17.85 marks. It made intraday high at $17.89 and low at $17.65 levels. Intraday bias remains bullish till the time pair holds key support at $17.65 mark. A daily close above $17.65 wi…
It made intraday high at $17.89 and low at $17.65 levels.
Intraday bias remains bullish till the time pair holds key support at $17.65 mark.
A daily close above $17.65 will test key resistances at $17.92, $18.10 and $18.24 marks respectively.
On the other side, a daily close below $17.65 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 only above $17.92 with stop loss at $17.72 and target of $18.10/$18.52.
