.

New technical try to breach the upper line of the diagonal as shown on the above 4h chart around 962.00-963.00 areas proving that the upside direction is still in progress and gaining a new ground above 950.00 levels, therefore we still keep today’s outlook to the upside supported by the Gator bullish signal as well as stability above ICHIMOKU cloud and new positive MACD traditional sign.

Note:

We’ve to watch 965.00 level carefully as if the volume increases around it, that will be a signal of break out towards 973.00$ per ounce followed by 988.00 level

The trading range for today is among the key support now at 916.00 and key resistance now at 1000.00 psychological level.

The general trend is to the upside as far as 856.00 remains intact with targets at 1035.00.

Support 952.00947.00935.00925.00916.00Resistance965.00973.00980.00988.001000.00RecommendationOur morning recommendation is still valid.Silver

Similar to gold, silver is gaining a ground gradually above all critical support areas as we explained before that it’s still affected by the ladder candle sticks inside the ascending channel besides there isn’t any negative signs that let us to say that the bullish scenario is not in favor as far as 13.00 remains unbroken.

A clear close with stability above 13.88 areas will push silver to incline in the medium term towards 16.00-16.50 areas.

The trading range for today is among the key support at 12.95 and key resistance now at 14.70.