Technical outlook and chart setups:
The metal has stopped us out at 27.00 today. It is recommended to remain flat for now and let the trade signals unfold on a daily chart. Immediate resistance is at 29.20/25 levels also an intermediary resistance is just above 28.00 level; which needs to be cleared before taking a position with more conviction. Still, the daily chart view remains inclined towards higher side as shown here. Major support comes in near 26.00/50 levels now and a bounce around current levels should encourage taking long positions. Please also note that at least 28.10/30 levels should be taken off to consider fresh buying now. Things should be clearer in 1-2 trading sessions.
Trading recommendations:
Remain flat for now.
Good Luck!
