Technical Outlook and Chart Setups:
The bullish structure remains unchanged for now. The yellow metal has successfully pushed through the sloping trendline and just shy of our first measured upside target at 1,730.00 level. 1,715-17 levels should offer support for any intraday dips now. 1,700.00 followed by 1,685/90 levels are strong support levels while 1,730/50/75/95 are lined up resistances. It is recommended to continue buying intraday dips for now.
Trade Recommendations:
Hold long positions taken earlier. Stop at 1,680.00. Target Open.
Good Luck!
The material has been provided by Instaforex Company - instaforex.com
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