FxWirePro: XAG/USD hits fresh 4-month high at $15.15 mark, consistent close above targets $15.42 mark
XAG/USD is currently trading around $14.97 marks. It made intraday high at $15.05 and low at $14.97 levels. Intraday bias remains bullish for the moment. A daily close above $15.01 will test key resistances at $15.15, $1…
It made intraday high at $15.05 and low at $14.97 levels.
Intraday bias remains bullish for the moment.
A daily close above $15.01 will test key resistances at $15.15, $15.27 and $15.42 marks respectively.
On the other side, a daily close below $15.01 will take the parity down towards key supports at $14.87, $14.76, $14.62, $14.52, $14.47 and $14.40 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 on XAG/USD around $14.95, stop loss $14.87 and target of $15.27.
