Since the start of the year the commodity gained in excess of 7.0% and this past week ended flat with a minor gain of 0.16% in addition the precious metal continues in a recovery phase since mid-January 2017. Last week the precious metal went back and forward without any clear direction and closed in the middle of the weekly range, plus also managed to close within the previous week range, which suggests being clearly neutral, neither side is showing control. The stochastic is showing a strong bullish momentum and crossed above the 50 mid line. Expecting an upward move to a weekly resistance at 1,279.90 on a break above the key level at 1,242.30 (scenario 1) although a bounce below the key level at 1,199.35 may push back up the precious metal to a key level at 1,242.30 (scenario 2).