Technical Outlook and Chart Setups:
The metal has retraced to 29.60 levels last week, which is re-enforced by the following.
1. Trendline Support
2. 0.618 Fibonacci support
3. Past resistance region at 29.50 turned support
4. A morning star has been produced on the daily chart
Trade Recommendations:
Hold on to long positions taken earlier, fresh longs are also favored, stop is at 29.00, target is open.
Good Luck!
