The metal inched higher and is currently approaching 61.8% correction at 1320.20 showing on graph. We think the upside move will continue in general, whereas positivity is still valid on both AROON and MACD. Linear Regression Indicators are trading positively and forms good supports.
Of note, Stochastic is showing overbought signals which requires stability above 61.8% corrrection to cancel any possibility of responding to these signals. But we depend now on stabilizing above 1305.00 to expect further bullishness targeting corrections further than 61.8%.

 

The outlook is positive above 1312.60, risk-limit below 1305.00.