The metal prices are closed and trading above the hourly key moving averages 21hrsma, 34hesma, and 12ema. The metal has been struggling to breach the $1,324.50 levels. Until it trades below $1,324.50 on the down side, gates open for 1,270-1,275 with an intermediate strong support at the $1,309, $1,302, 1,295, 1,285, and 1280 levels. For an hourly trading perspective, the metal looks weak only below the $1,309.50-$1,309 levels. Resistance is set at $1,3, $1,3.70 and above this at $1,314.50 and $1,318. Safe traders can sell below $1,309 with the target at $1,304.50, $1,302, and 1,296. Positional trades can sell on an upward move with sl $1,324.50. We can see a strong reversal only above $1,324.50
