- XAG/USD is currently trading around $14.04 marks.
- It made intraday high at $14.04 and low at $13.95 levels.
- Intraday bias remains neutral for the moment.
- A daily close above $13.97 will test key resistances at $14.22, $14.40, $14.57, $14.72, $14.78, $14.82, $14.98, $15.10, $15.32 and $15.47 marks respectively.
- On the other side, a daily close below $13.97 will take the parity down towards key supports at $13.90, $13.82, $13.68 and 13.51 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on XAG/USD around $14.07, stop loss $14.22 and target of $13.82.
