FxWirePro: XAG/USD hovers around fresh 3-month high at $18.39, stay bullish
XAG/USD is currently trading around $18.34 marks. It made intraday high at $18.34 and low at $18.29 levels. Intraday bias remains bullish till the time pair holds key support at $17.97 mark. A daily close above $18.33 wi…
It made intraday high at $18.34 and low at $18.29 levels.
Intraday bias remains bullish till the time pair holds key support at $17.97 mark.
A daily close above $18.33 will test key resistances at $18.45/$18.88/$18.97 marks respectively.
On the other side, a daily close below $18.33 will take the parity down towards key supports at $18.20/$17.97/$17.80/$17.68/$17.51/$17.44/$17.38/$17.22 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 go long on XAG/USD around $18.34, stop loss at $17.97 and target of $18.45/$18.68.
