• GBP/AUD firmed on Monday as retreat metal prices and soured risk sentiment weighed on Australian dollar.
• Spot gold prices slipped 4.3%, while silver slid 8.3% after touching a record peak above $80 an ounce earlier in the session as investors
• Gold has surged about 65% this year. Platinum and palladium are also on track for annual gains.
• Silver has outperformed all with a 150% gain so far, driven by its critical mineral status, supply shortages and rising industrial and investor demand.
• Immediate resistance is located at 2.0210 (38.2%fib),any close above will push the pair towards 2.0291 (Higher BB ).
• Immediate support is seen at 2.0025 (Lower BB) and break below could take the pair towards 2.0071 (23.6% fib)
Recommendation: Good to buy around 2.0150 with stop loss of 2.0080 and target price of 2.0220
