The precious metal has a strong rally in the week due to the
“Trump effect” but not strong enough to close above the symmetric triangle as
such trading within the triangle.
As long as we have price action remain within this triangle,
we expect price to pull back at the resistance of $1260 per ounce and support
of $1213 per ounce
Expectations: We expect a range trading on the precious
metal until a break above either trendline of the symmetric triangle.
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