• FxWirePro: xag/usd hovers around $16.90 Mark, U.S. retail sales data in focus

    المصدر: FxWire Pro - Technicals / 13 ديسمبر 2019 03:38:26   America/New_York

    • XAG/USD is currently trading around $16.90 marks.
       
    • It made intraday high at $16.94 and low at $16.82 levels.
       
    • Intraday bias remains neutral till the time pair holds key resistance at $16.90 mark.
       
    • A daily close above $16.90 will test key resistances at $17.02, $17.18, $17.32, $17.40, $17.68, $17.87 and $18.02 marks respectively.
       
    • On the other side, a daily close below $16.90 will take the parity down towards key supports at $16.74, $16.57, $16.40, $16.17 and $16.02 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 long position on XAG/USD only above $16.95, stop loss at $16.78 and target of $17.18.

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