- XAG/USD is currently trading at $15.68 levels.
- It made intraday high at $15.69 and low at $15.52 levels.
- Intraday bias remains bullish for the moment.
- On the top side, key resistance level falls at $15.72 marks.
- A sustained close above key resistance will take the parity towards new high at $15.92, $16.03 and $16.09 marks thereafter.
- In addition, 20D, 30D and 55D EMA heads up, which signals bullish trend.
- Alternatively, a daily close below $15.72 will turn the bias slightly bearish and tests $15.56 marks.
We prefer to take long position in XAG/USD only above $15.72, stop loss $15.56 and targets $15.92/$16.03 thereafter.
