The outlook has grown increasingly bullish since GOLD had remained above its latest swing low at (1648.83). If this support level is broken to the downside, the outlook will deteriorate.

We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (31.77) zones. A proper confirmation would occur if the SILVER will manage to overcome the (32.34) resistance.

Currently, further bullish actions could be seen on SILVER. A break below (30.21) could be a threat to the bullish scenario targeting (30.59) even (30.35). On upside. Immediate resistance is at (32.77). A close above that area should keep the major bullish scenario intact testing (33.80) area.

We expect a bullish overall direction for today. That requires the base to build on (31.55); targeting (32.78) then (33.41). A break under (30.21) support area will extend losses to (30.17).

We see high chances of the pair move in a range between (1670.09 – 1642.62). A proper move above (1670.09) confirms a probable rally towards (1701.03). However, if GOLD manage to close below (1642.62) will support a call for bid tone.

Overall the direction remains unclear. SILVER might close below (29.66). If seen this will call for more declines to the (29.95) level. Further down, support is located at (29.79). Alternatively, above the (30.98) level it will to be traded to resume its medium term uptrend towards its important resistance at (31.94).

We hold a view of the instrument moving in the range of (30.70 – 29.66). We have to wait and watch the movement of the instrument from current levels.

Strength in GOLD is likely to continue. We see a less chances of an immediate fall on the instrument for short-term technical outlook. Next upside barriers follow (1665.89) at (1679.72) and (1691.82).

We expect a bearish overall direction for today. as far as (100.23) remains intact; targeting (98.45) then (97.68). A close above (100.23) resistance area will extend gains to (103.95).

We expect a bearish overall direction for today. as far as (100.23) remains intact; targeting (97.65) then (96.32). A close above (100.23) resistance area will extend gains to (104.92).