Technical outlook and chart setups:
A weekly chart view has been depicted here for a larger swing understanding. As seen, the metal has been in an uptrend (long-term support line), which has been followed till now without line break. Furthermore, the wedge formation/sideways movement has been broken and the prices have formed a strong base/support at 29.20 level. At the moment the prices are preparing to rally again, forming a wave 3, towards 41.00/42.00 levels in the weeks to come. Hence it is recommended to add long position on dips till 29.20 remains intact. Looking higher from here on.
Trading recommendations:
Remain long from earlier positions, fresh longs recommended at current levels (30.90/95), stop is at 30.00, and target is open. Book partial profits at 33.00/34.00 levels.
Good Luck!
