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- XAG/USD is currently trading around $19.57 marks.
- It made intraday high at $19.66 and low at $19.41 levels.
- Intraday bias remains bullish till the time pair holds key support at $19.27 levels.
- A daily close above $19.69 tests key resistances at $19.92, $20.05, $20.20, $20.32, $20.45, $20.66, $20.78, $21.09 and $21.46 marks respectively.
- On the other side, a daily close below $19.28 will take the parity down towards key supports at $19.17, 19.12, $19.09, $18.87 and $18.68 marks respectively.
- Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in XAG/USD around $19.52 with stop loss at $19.38 and target of $19.69/$19.92.
