Market Insights

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Market Insights
 

the 4-hour chart offers a similar perspective, as the bright metal is battling with a flat 200 SMA after bouncing testing an also directionless 100 SMA earlier in the week. In the same chart, the Momentum indicator heads nowhere within positive levels, while the RSI indicator turned marginally higher near overbought readings. Overall, the risk is skewed to the upside as long as the metal holds above $1,791, the immediate support level.

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