- XAG/USD is currently trading around $15.27 marks.
- It made intraday high at $15.40 and low at $14.97 levels.
- Intraday bias remains bullish till the time pair holds key support at $15.10 mark.
- A daily close above $15.10 will test key resistances at $15.40, $15.57, $15.86, $16.12 and $16.38 marks respectively.
- On the other side, a daily close below $14.87 will take the parity down towards key supports at $14.77, $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.
We prefer to take long position on XAG/USD around $15.20, stop loss at $14.95 and target of $15.40/$15.57.
