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- XAG/USD is currently trading around $15.18 marks.
- It made intraday high at $15.21 and low at $14.90 levels.
- Intraday bias remains bullish for the moment.
- A daily close above $15.02 will test key resistances at $15.22, $15.40, $15.57, $15.74 and $15.86 marks respectively.
- On the other side, a daily close below $15.02 will take the parity down towards key supports at $14.82, $14.68, $14.40, $13.97 and $13.81 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take long position on XAG/USD only above $15.22, stop loss at $14.88 and target of $15.40/$15.57.
