- XAG/USD is currently trading around $18.60 marks.
- It made intraday high at $18.72 and low at $18.42 levels.
- Intraday bias remains bullish till the time pair holds key support at $18.42 mark.
- A daily close above $18.62 will test key resistances at $18.76, $19.07, $19.27, $19.76, $19.98, and $20.10 marks respectively.
- On the other side, a daily close below $18.62 will take the parity down towards key supports at $18.42, $18.17, $17.90, $17.42, $17.26, $17.07, $16.94 and $16.72 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 around $18.58, stop loss at $18.40 and target of $18.76/$19.07.
