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- XAG/USD is currently trading around $15.40 levels.
- It made intraday high at $15.42 and low at $15.27 levels.
- Intraday bias remains bullish for the moment.
- A daily close below $15.03 will tests key supports at $15.01, $14.94 and $14.55 marks respectively.
- Alternatively, a current rebound from $15.03 will likely to test key resistances at $15.60/ $15.68 and $15.72 marks.
- Important to note here that, 20D, 30D and 55D EMA heads up, which confirms bullish trend.
- Later today, US will release ADP job data. This will provide further directions to the parity,
We prefer to tale long position in XAG/USD around $15.35, stop loss $15.21 and target $15.60 levels.
