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- XAG/USD is currently trading around $15.78 marks.
- It made intraday high at $15.79 and low at $15.74 levels.
- Intraday bias remains neutral till the time pair moves in stiff boundaries from $15.74 to $15.82 mark.
- A daily close above $15.77 will test key resistances at $15.90, $16.05, $16.15, $16.22, $16.40 anss $16.55 marks respectively.
- On the other side, a daily close below $15.77 will take the parity down towards key supports at $15.75, $15.58, $15.47 and $15.32 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 only above $15.82, stop loss $15.74 and target of $15.90/$16.05.
