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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (30953)	7/12/2017 5:44:48 AM
From: Andrew~	Read Replies (1) of 203567

Silver: Silver trades in narrow range ahead of FED chair yellen’s testimony XAG/USD is currently trading around $15.79 marks. It made intraday high at $15.94 and low at $15.78 levels. Intraday bias remains bullish till the time pair holds key support at $15.42 mark. A daily close above $15.85 will test key resistances at $16.02/$16.22/$16.32/$16.40/$16.58/$16.72/$16.88/$17.00/$17.08/$17.22/$17.49/$17.68 marks respectively. On the other side, a daily close below $15.85 will take the parity down towards key supports at $15.62/$15.42/$15.24/$15.16/$15.04/$14.90/$14.82/$14.74 marks respectively. Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only. We prefer to go long on XAG/USD around $15.75 with stop loss at $15.50 and target of $16.02. Source FxWire Pro - Technicals 12-July-2017 05:37:07

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