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FxWirePro: Prefer to go long on XAG/USD around $17.98, stop loss at $17.81 and target of $18.11

  • XAG/USD is currently trading around $18.00 marks.
     
  • It made intraday high at $18.01 and low at $17.92 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at $17.81 mark.
     
  • A daily close above $17.94 will test key resistances at $18.12/$18.26/$18.47 marks respectively.
     
  • On the other side, a daily close below $17.94 will take the parity down towards key supports at $17.81/$17.68/$17.51/$17.44/$17.38/$17.22/$17.06/$16.99/$16.85/$16.70 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 go long on XAG/USD around $17.98, stop loss at $17.81 and target of $18.11/$18.26.

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