• FxWirePro: Silver back above $17.80 Mark, stay long

    Source: FxWire Pro - Technicals / 15 Jan 2020 00:22:16   America/New_York

    • XAG/USD is currently trading around $17.87 marks.
       
    • It made intraday high at $17.88 and low at $17.76 levels.
       
    • Intraday bias remains bullish for the moment.
       
    • A daily close above $17.80 will test key resistances at $17.92, $18.08, $18.32, $18.40, $18.87, $18.98, $19.08 and $19.24 marks respectively.
       
    • On the other side, a daily close below $17.76 will take the parity down towards key supports at $17.62, $17.40 and $17.17 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 $17.86, stop loss at $17.75 and target of $18.02/$18.08.

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