Overview
As it was expected yesterday, more bearish signals would be available after breaking the Support level 21.70 yesterday, then the metal continued its downward move after breaking the Support level, which gave us another good opportunity to sell till reaching the Support level 21.30. Currently and as shown the metal hits the Support level 21.30 trying to break it through to continue its bearish move. Presently we suggest waiting for closing below this level to give us a new opportunity for a new sell signals with first target few pips above the Support level level 21.00, then after breaking this Support level the metal would open the way towards the Resistance level 20.70, which means more bearish signals.
Resistance and support levels: R3 (22.80) R2 (22.50) R1 (22.15) S1 (21.70) S2 (21.30) S3 (21.00)
