Technical Outlook and Chart Setups:
There is no change in the bullish structure, expect the fact that the metal has tested recent swing lows at 29.40 level and is bouncing off. Trading at 29.70/75 levels at the moment is recommended to hold on to positions taken earlier and look to add fresh positions now. Intermediary support is at 28.50 while strong support is at 27.50 and below. Resistance is fixed at 32.50, 33.65 and 34.40, and 35.10/20 respectively. Looking higher from here on.
Trading Recommendations:
Hold on to long positions taken earlier, add further longs at current levels, stop is at 29.00. Target is open.
Good Luck!
The material has been provided by Instaforex Company - instaforex.com
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