Correction in metals seems to be over. Uptrend likely to resume
Gold looks set to test 200 SMA and key level at 1,808
Silver eyeing 22.30 possibly 23.35
Copper could test 400 but higher levels around 425 could be seen
Gold XAUUSD spiked below the 1,735 support level but bounced quickly from the 0.382 Fibonacci retracement at 1,722. RSI is still bullish without divergence indicating higher levels are likely.
Gold could test the key resistance at 1,808. If Gold close above 1,808 it has reversed the medium-term down trend. See weekly chart
If Gold slides back lower and breaks below 1,720 it is likely to drop to the 0.618 retracement at around 1,680 which is also the previous Bull/Bear pivot now key support.