- XAG/USD is currently trading around $14.65 marks.
- It made intraday high at $14.66 and low at $14.55 levels.
- Intraday bias remains bullish till the time pair holds key support at $14.55 mark.
- A daily close above $14.57 will test key resistances at $14.67, $14.85, $14.97, $15.09, $15.22, $15.32 and $15.40 marks respectively.
- On the other side, a daily close below $14.40 will take the parity down towards key supports at $14.27, $14.22, $14.12 and $13.98 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 $14.67, stop loss at $14.55 and target of $14.85.
