Technical Update - Gold, Silver, Platinum, Palladium and Copper

Silver XAGUSD closed Friday above key resistance at around 23.78 and has continued its rise today Monday. Currently testing upper rising trend in what could be a wide rising channel.
Next resistance is at around 25.24 and 26.03

Platinum XPTUSD is testing key resistance at around 943.20. A close above 943.20 a swift move to strong resistance at around 992 is in the cards
A close below 904 is likely to resume the downtrend with potential down to 875-850

Palladium has bounced off lows around 948 testing 0.618 retracement of early November sell-off. Next test could be the medium-term falling trend and key resistance at around 1,1168. A close above could pave the road towards the 1.618 projection and resistance at around 1,300

However, daily RSI is still showing negative sentiment with no divergence indicating lower levels could be seen. If Palladium is sliding back to close below 1,050 Palladium is likely to take out 948 and drop to 2018 lows Around 850

Copper was rejected at first attempt at the key resistance at around 382.20 and has formed a top and reversal like pattern. Setback to 375-370 could be seen before another likely attempt at the key resistance.

If Copper is closing above both 382.20, the 200 DMA and the falling trendline a move higher to strong resistance at around 402 is in the cards
Until a break of the key resistance expect Copper to be range bound down to the 370 level.

A close below 360 downtrend has resumed