Overview
As shown on the today's H4 chart, the metal is stabilizing below the Support area 20.20-20.50 after its failure to break the Support level 20.00. Currently we must wait for closing below the Support level 20.00 again and closing below to get the bearish move opportunity. In that case we will get a good chance to sell below the Support level till the price tests the next Support level 19.75. Therefore, we can consider our first target few pips above this Support level, but as long as the price is still above the Support level 20.00 this cancels the bearish move scenario.
Resistance and support levels: R3 (20.50), R2 (20.20), R1(20.00), S1 (19.75), S2 (19.55), S3 (19.15)
