The precious metal price touched the estimated target at 1132 dollars per ounce and everything makes us think that a bearish movement will come next, unless the price holds at the next support line, around 1120 dollars. If it clears that support, it will seek the next support area, targeting 1110, a level of some importance. An alternate setting is at 1132 and with a final goal at 1137, but the price could seek the resistance lines that are being built on the 1140-45 area.

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