Technical Outlook and Chart Setups:
The yellow metal has reached the first measured resistance at 1,750.00 region. It has still room to register fresh highs around 1,760.00 level before pulling back. Now resistance begins from the 1,760/65 region and extends till 1,780/85 levels. Support region begins from 1,735/40 (past resistance turned support) and followed by the 1,720.00 region. Please note that 1,705.00 still remains the key support for huge potential reversal ahead. It is recommended to book partial profits at each resistance level. Fresh buying recommended on intraday dips. Looking higher from here on.
Trading Recommendations:
Hold on to long positions taken earlier, book partial profits, move stop from 1,695.00 to 1,705, and target is open.
Good Luck!
