Prices have been trapped within a very tight range since the opening of this week. The four-hour graph shows that the initial resistance-previous broken support was retested. The bearishness remains favored over intraday basis. A break below 1366.00 will accelerate the awaited short-term bearish wave as discussed in our weekly report. On the upside, 1425.00 should be the ceiling for intraday traders.

Support: 1376.00, 1363.00, 1360.00, 1355.00, 1345.00
Resistance: 1388.00, 1395.00, 1400.00, 1414.00, 1422.00
Based on the chart and explanations above, we believe that selling the metal below 1400.00 targeting 1330.00 and stop loss above 1425.00 could be appropriate.

Support: 1376.00, 1363.00, 1360.00, 1355.00, 1345.00
Resistance: 1388.00, 1395.00, 1400.00, 1414.00, 1422.00
Based on the chart and explanations above, we believe that selling the metal below 1400.00 targeting 1330.00 and stop loss above 1425.00 could be appropriate.