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- XAG/USD is currently trading around $15.21 marks.
- It made intraday high at $15.28 and low at $15.20 levels.
- Intraday bias remains neutral till the time pair holds key resistance at $15.27 mark.
- A daily close above $15.27 will test key resistances at $15.32, $15.49, $15.57 and $15.68 marks respectively.
- On the other side, a daily close below $15.24 will take the parity down towards key supports at $15.17, $15.02 and $14.87 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Late today U.S. will release final GDP data. That will provide further directions to the parity.
We prefer to take short position on XAG/USD around $15.22, stop loss at $15.30 and target of $15.02.
