- XAG/USD is currently trading around $18.40 marks.
- It made intraday high at $18.45 and low at $18.17 levels.
- Intraday bias remains bullish till the time pair holds key support at $18.10 mark.
- A daily close above $18.24 will test key resistances at $18.32/$18.46/$18.72/$18.97 marks respectively.
- On the other side, a daily close below $18.24 will take the parity down towards key supports at $18.14/$18.00/$17.90/$17.72/$17.51/$17.42/$17.22/$17.09/$16.87/$16.65 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- In early hours of Asia, United States launched dozens of cruise missiles at an airbase in Syria.
- 59 tomahawk missiles targeted "aircraft, hardened aircraft shelters, petroleum and logistical storage areas, ammunition supply bunkers, air defence systems, and radars.”
- The key event for the day is U.S. NFP job report at 1230 GMT.
We prefer to go long on XAG/USD around $18.34 with stop loss at $18.14 and target of $18.46/$18.72.
