In our previous analysis, we signaled a potential downside movement. Price dropped significantly and precisely hit our targeted levels.
Currently, the trend is attempting to sustain its bearish momentum toward the support levels at 4275 and 4250.
However, if a bullish correction occurs and price holds above the pivot level of 4330 (confirmed by a 1H candle close), it will likely retest the resistance zone around 4358.
Resistance Levels: 4358 – 4400
Support Levels: 4275 – 4250
Current Price: 4305
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