- XAG/USD is currently trading around $19.36 marks.
- It made intraday high at $19.55 and low at $19.25 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $19.55 mark.
- A daily close above $19.55 will test key resistances at $19.76, $19.98, and $20.10 marks respectively.
- On the other side, a daily close below $19.55 will take the parity down towards key supports at $19.17, $18.90, $18.48 and $18.02 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 $19.30, stop loss at $19.15 and target of $19.55/$19.76.
