FxWirePro: Silver rises noticeably in European hours, stay bullish
XAG/USD is currently trading around $14.74 marks. It made intraday high at $14.74 and low at $14.45 levels. Intraday bias remains bullish for the moment. A daily close above $14.74 will test key resistances at $14.94, $1…
It made intraday high at $14.74 and low at $14.45 levels.
Intraday bias remains bullish for the moment.
A daily close above $14.74 will test key resistances at $14.94, $15.08 and $15.27 marks respectively.
On the other side, a daily close below $14.74 will take the parity down towards key supports at $14.62, $14.52, $14.47, $14.40, $14.35, $14.22, $14.17 and $14.07 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take long position on XAG/USD around $14.70, stop loss $14.42 and target of $14.82/$14.94/$15.08.
