WE ARE NOW LOOKING HIGHER
Long term: After a period of 5 months range trading between 1360$ and 1300$, the metal lost support reaching the next support level zone of 1280$. As long as the break proves real, we are entering a "trouble" phase with major support level the 1200$.The 1200$ target was reached,we realised profits of 100$.After the extreme downwards movement to 1160$,we can now assume that we saw a mid term bottom and we can enter long,aiming 1240$ and 1250$.Our scenario is in progress,target 1 accomplished.Short term correction possibly over.Target 2 also accomplished.The metal stands now at a critical position.In case of an upwards break of 1250$ we will be aiming the 1265$ level.The upside break and the movement towards 1265$ is now a reality.We are viewing the possibility of an extention of the movement towards the 1285$ level.
Short term: We can now go short aiming for a correction towards the 1250$ level.
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