Technical outlook and chart setups:
The metal remains structurally unchanged for now. It is recommended to remain flat for now and look to buy further on dips towards 23.00 levels, since it is marked by Fibonacci 0.618 support of the entire rally from sub 22.00 levels. Resistance is strong at 26.00/50 levels which was past support. Intermediary support is at 23.00 level, followed by 22.00 and 21.45 respectively. A push above 24.80/85 levels now would bring prices to 25.00 and 26.00 levels. It is recommended to short around the 26.00 region, if prices rally straight up.
Trading recommendations:
Flat for now; looking to buy lower towards 23.00 or sell higher towards 26.00.
Good luck!
