The metal is trading slightly below the resistance 1292.65 and failed to stabilize above this level due to failing to breach the resistance 1296.60 yesterday. The upside move weakened as showing on AROON, and Stochastic is showing a bearish bias.
Meanwhile, the price is still stable above 1280.25 which is positive. Hence, we prefer to remain intraday neutral in this report waiting for new confirmation signals.