Overview
According to the shown H4 chart, the price's close below the level of 17.75 yesterday gave new opportunities for sell-signals. Currently, the metal has already managed to break the support area to trade below it and open the way towards the level of 17.50 as the first target, then the metal should test the Support level of 17.30 to get more bearish move till reaching the support level of 17.00 as the second target. On the other hand, the metal's rebound from the Support level of 17.50 cancels bullish scenario.
Resistance and support levels: R3 (18.30), R2 (18.00), R1 (17.75), S1 (17.50), S2 (17.30), S3(17.00).
