• FxWirePro: Silver touches $17.24 Mark in early Asia, U.S. PPI data in focus

    Источник: FxWire Pro - Technicals / 08 окт 2019 01:38:54   America/New_York

    • XAG/USD is currently trading around $17.39 marks.
       
    • It made intraday high at $17.46 and low at $17.24 levels.
       
    • Intraday bias remains bearish till the time pair holds key resistance at $17.54 mark.
       
    • A daily close above $17.54 will test key resistances at $17.72, $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 $17.41 will take the parity down towards key supports at $17.17, $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 only above $17.47, stop loss at $17.22 and target of $17.72/$17.87.

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