Morning Report

The technical conflict continues today, where the metal is unable to settle above 32.85, while momentum indicators are negative. At the same time, the levels of 31.75 and 31.25 are still intact, which prevents us from suggesting the continuity of the downside movement. Therefore, we remain neutral today, awaiting more confirmations.

The trading range for today is among the key support at 31.25 and key resistance now at 33.65.

The short-term trend is to the downside with steady weekly closing below 38.00 targeting 20.05.

***New York Candlesticks***

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Weekly Report

RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations