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- XAG/USD is currently trading around $17.35 marks.
- It made intraday high at $17.36 and low at $17.02 levels.
- Intraday bias remains bullish till the time pair holds key resistance at $17.02 mark.
- A daily close above $17.06 will test key resistances at $17.37, $17.48 and $17.78 marks respectively.
- On the other side, a daily close below $17.02 will take the parity down towards key supports at $16.87, $16.57, $16.07, $15.90, $15.70, $15.47 and $15.40 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 $17.32, top loss at $17.02 and target of $17.48/$17.78.
