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- XAG/USD is currently trading around $15.77 marks.
- It made intraday high at $15.82 and low at $15.74 levels.
- Intraday bias remains neutral till the time pair holds key resistance at $15.82 mark.
- A daily close above $15.75 will test key resistances at $15.84, $15.92, $16.07 and $16.15 marks respectively.
- On the other side, a daily close below $15.60 will take the parity down towards key supports at $15.47, $15.40, $15.32 and $15.22 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 take long position on XAG/USD only above $15.82, stop loss $15.70 and target of $15.92/$16.01.
