Technical Outlook and Chart Setups:
As it was depicted above, yellow metal managed to rally beyond 1750.00 level yesterday before a pullback was seen. At the moment, charts suggest that another rally should begin soon and extend towards at least 1765.00 level (Fibonacci extensions shown above). Now 1730/35 levels are interim support and prices should be able to hold above. On the flip side, a break should again bring back 1720/1700 levels in view. But 4H charts suggest that this rally is set to continue further up. Bullish for now.
Trading Recommendations:
Stay long from yesterday, stop at 1715.00. Target Open.
Good Luck!
