Mid-day report

The morning explained daily shooting star pattern, which occurred yesterday, is pressuring the metal negatively, forcing it to bounce from the key resistance level of 1002.00 as we mentioned in our technical messages. Now, further bearishness is highly awaited for the rest of the day as a normal effect of the duplicated harmonic formation. RSI 14 supports our overview.

The trading range for today is among the key support now at 942.00 and key resistance now at 1035.

The general trend is to the upside as far as 820.00 remains intact with targets at 1035.00 and 1060.00.

Support992.00984.00977.00972.00966.00
Resistance998.001002.001007.001012.001025.00
RecommendationOur mornig expectation is still valid