The metal is moving within a very tight range between 17.70 and 18.05, while AROON down-colored in red- has already penetrated the value of 70.00, supporting the technical idea that the "C" wave should start to complete the suggested Elliott sequence. Thus; possible bearishness could be seen over intraday basis.
The trading range for today is among the key support at 17.55 and key resistance now at 18.60.
The general trend over the short term basis is to the downside, targeting $ 13.60 per ounce as far as areas of 19.40 remain intact.
