FxWirePro: XAG/USD remains well supported above $16.00 mark, bias turns bullish again
XAG/USD is currently trading around $16.11 marks. It made intraday high at $16.15 and low at $15.92 levels. Intraday bias remains bullish till the time pair holds key support at $15.88 levels. A daily close above $16.04 …
It made intraday high at $16.15 and low at $15.92 levels.
Intraday bias remains bullish till the time pair holds key support at $15.88 levels.
A daily close above $16.04 will test key resistances at $16.19/$16.25/$16.32/$16.46/$16.62/$16.76/$16.90/$17.02/$17.22/$17.48 marks respectively.
On the other side, a daily close below $16.04 will take the parity down towards key supports at $15.91/$15.88/$15.82/$15.74/$15.54/$15.32/$15.01 marks respectively.
We prefer to go long on XAG/USD around $16.08 with stop loss at $15.88 and target of $16.25/$16.32.
