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- XAG/USD is currently trading around $20.30 marks.
- It made intraday high at $20.43 and low at $19.87 levels.
- Intraday bias remains bullish till the time pair holds key support at $19.87 marks.
- A daily close above $20.32 tests key resistances at $20.45, $20.66, $20.78, $21.09 and $21.46 marks respectively.
- On the other side, a daily close below $20.05 will take the parity down towards key supports at $19.96, $19.87, $19.65, $19.34, $19.12, $19.09 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.
We prefer to take long position in XAG/USD around $20.30, stop loss at $20.05 and target $20.50/$20.65/ $20.78 marks.
