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- XAG/USD is currently trading around $17.21 marks.
- It made intraday high at $17.24 and low at $17.19 levels.
- Intraday bias remains neutral till the time pair holds immediate resistance at $17.26 mark.
- A daily close above $17.22 will test key resistances at $17.26, $17.40 and $17.52 marks respectively.
- On the other side, a daily close below $17.22 will take the parity down towards key supports at $17.08, $16.98, $16.87, $16.70 and $16.55 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 in XAG/USD only above $17.26, stop loss $17.08 and target of $17.52 mark.
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