FxWirePro: XAG/USD hits fresh 4-week high at $18.47 mark, faces strong resistance at $18.68
XAG/USD is currently trading around $18.37 marks. It made intraday high at $18.45 and low at $18.31 levels. Intraday bias remains bullish till the time pair holds immediate support at $17.82 marks. A daily close above $1…
It made intraday high at $18.45 and low at $18.31 levels.
Intraday bias remains bullish till the time pair holds immediate support at $17.82 marks.
A daily close above $18.32 will test key resistances at $18.56/$18.68/$18.88/$19.25 marks respectively.
Alternatively, a daily close below $17.82 will take the parity down towards key supports at $17.52/$17.33/$17.26/$17.09/$16.92/$16.33/$15.93 marks respectively.
We prefer to go long on XAG/USD around $18.28 with stop loss at $17.82 and target of $18.56/$18.68.
