After the sudden surge on Tuesday, a full review of the yellow metal’s charts has been conducted on Thursday.
Basically, the commodity price is surging in a medium term pattern in the borders of a larger dominant descending pattern. However, the medium term pattern is most likely representing the junior move in another larger pattern.
Meanwhile, not that the price was at a crossroad during the review. Namely, it was about to either confirm or break the speculated medium pattern near the 1,251.00 mark.