• FxWirePro: Silver hovers around $17.20 Mark, U.S. ADP job data in focus

    المصدر: FxWire Pro - Technicals / 02 أكتوبر 2019 09:24:18   Europe/London

    • XAG/USD is currently trading around $17.25 marks.
       
    • It made intraday high at $17.32 and low at $17.17 levels.
       
    • Intraday bias remains neutral till the time pair holds key resistance at $17.32 mark.
       
    • A daily close above $17.22 will test key resistances at $17.32, $17.58, $17.87, $18.02, $18.17, $18.45, $18.76, $19.07 and $19.27 marks respectively.
       
    • On the other side, a daily close below $17.22 will take the parity down towards key supports at $16.87, $16.72, $16.40 and $16.17 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 $17.23, stop loss at $17.12 and target of $17.32/$17.58/$17.87.

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