FxWirePro: Silver rises noticeably ahead of FOMC rate decision, futher upside movement likely
XAG/USD is currently trading around $15.88 marks. It made intraday high at $15.89 and low at $15.80 levels. Intraday bias remains bullish for the moment. A daily close above $15.81 will test key resistances at $15.87, $1…
It made intraday high at $15.89 and low at $15.80 levels.
Intraday bias remains bullish for the moment.
A daily close above $15.81 will test key resistances at $15.87, $15.96, $16.07 and $16.15 marks respectively.
On the other side, a daily close below $15.81 will take the parity down towards key supports at $15.70, $15.57, $15.48, $15.30 and $15.22 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 $15.86, stop loss $15.78 and target of $15.96/$16.07.
