MCX Silver Ko Sell Karo CMP 47820 Sell Karo 1000 — 2000 Lots or Relaxxxxx ho jaao…… we see big down fall Target 45700—42700 Rona Mana Hai…. Karo Dil Khol kar Sell
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It made intraday high at $18.29 and low at $17.90 levels.
XAG/USD is currently trading around $17.99 marks.
A daily close above $18.15 will test key resistances at $18.32, $18.76, $19.07, $19.27, $19.76, $19.98, and $20.10 marks respectively.
Intraday bias remains bearish till the time pair holds key resistance at $18.32 mark.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
On the other side, a daily close below $18.15 will take the parity down towards key supports at $17.85, $17.60 and $17.40 marks respectively.
