Technical Outlook and Chart Setup:
There is no change in the scenario. We continue buy on dips and expect the metal to clear past resistance of 28.30 soon enough. There may be possible intraday dips but those shall remain capped above 27.00 level now, which is acting as an intermediary low. Support remains fixed at 26.50 level while resistance is placed at the range top of 28.30. The Fibonacci extensions are still pointing towards 29.00 and 30.00 levels.
Trading Recommendations:
No change. Hold on to long positions, stop below 26.50 target 30.00 levels minimum.
Good Luck!
