Morning Report

The metal returned to incline again, but without providing any consolidation above 88.6% Fibonacci correction of the CD leg of the suggested harmonic structure. This rebound doesn't confirm that the upside move could continue, where the upside move requires consolidation above the mentioned correction at 1735.00 and also above the resistance at 1737.00. Therefore, we remain neutral today, observing the metal's behavior around these levels.

The trading range for today is among the key support at 1687.00and key resistance now at 1763.00.

The short-term trend is to the upside with steady weekly closing above 1475.00 targeting 1945.00.

Previous Report

Weekly Report

Support1724.001718.001711.001702.001694.00
Resistance1737.001746.001754.001763.001772.00
RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations