• FxWirePro: Silver stabilizes above $17.50 Mark, U.S. NFP job data in focus

    Источник: FxWire Pro - Technicals / 06 окт 2019 07:11:12   America/New_York

    • XAG/USD is currently trading around $17.56 marks.
       
    • It made intraday high at $17.63 and low at $17.52 levels.
       
    • Intraday bias remains neutral till the time pair holds key support at $17.47 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 $17.47 will take the parity down towards key supports at $17.32, $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.
       
    • Later today U.S. will release NFP job data.

    We prefer to take short position on XAG/USD only below $17.52, stop loss at $17.72 and target of $17.32/$17.17.

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