Morning Report

Price behaviors succeeded in presenting two important positive technical factors:

Drawing a bullish candlestick formation that suggests more upside actions as seen on the secondary image.

Achieving a daily closing above the pivotal resistance of 1770.00, easing the path towards 1800.00, followed by 1815.00 and subsequently 1888.00.

Anyway, the bullishness came back into focus due to the aforementioned technical factors; noting that breaching the psychological level of 1800.00 will trigger strong upside rally as we are witnessing an IM -impulsive wave,seen indetailson the graph.

The trading range for today is among the key support at 1742.00 and key resistance now at 1830.00.

The general trend over the short term basis is to the upside, targeting $ 1888.00 per ounce as far as areas of 1475.00 remain intact with weekly closing.

Previous Report

Weekly Report

Support1779.001770.001760.001755.001742.00
Resistance1795.001800.001815.001830.001845.00
Recommendation