Technical Outllook and Chart Setups:
After holding 32.50 level, the metal has managed to get past 33.25 before pulling back. At least 33.70/80 levels are in sight from here. Chart resistance is just around 34.10/30 levels, and the 1.618 extensions also points towards the same at the moment. 32.70/75 levels are now interim support, just ahead of 32.50, which is strong enough. Till the time prices stay above 32.50, they are headed north. In the event of a breakdown of 32.50, bears would be trying to push towards 31.00 level. Bullish for now.
Trading Recommendations:
Stay long, stop below 32.50, and target open.
Good Luck!
