Looking at today’s chart, June 3, 2015, the metal will most probably attempt to break once again above 1192.31 this time.
In the scenario where the buyers will overcome the sellers in trading volume, their profits could be locked either at 1206.41 and 1212.20 respectively. All stop losses could be placed at 1167.88 and 1180.32 even though this level, 1180.32, is perceived to be a powerful support area within the overall uptrend channel.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.