Overview
According to our previous expectations, the price’s close below the Resistance level 19.75 will give new opportunities for sell signals. Currently the metal has already managed to close below the Resistance level to trade below and open the way towards 19.50 as first target, then the metal must test the Support level 19.15 to get more bearish move till reaching the level of 18.90 as second target. On the other hand, the metal's rebound from the Support level 19.50 cancels bearish scenario.
Resistance and support levels: R3 (20.20) R2 (20.00) R1 (19.75) S1 (19.50) S2 (19.15)
