Hey Everyone,
We’ve seen price play the full swing followed by a strong push up into the 4624 level, which is now acting as a key test zone. This area is currently being challenged, with the EMA5.
For bullish continuation, we’ll need to see a clean EMA5 lock above this level. An EMA5 “lock” above 4624 would open the door for price to explore the upper range and set the tone for potential upside expansion heading into the week ahead.
If this level fails to hold, we may see price rotate back into the range and revisit lower support zones before any further directional move.
We’ll return on Sunday with a full multi-timeframe breakdown, covering key levels, structure, and scenarios across all charts to prepare for the upcoming trading week.
Enjoy the weekend everyone.
Mr Gold
We’ve seen price play the full swing followed by a strong push up into the 4624 level, which is now acting as a key test zone. This area is currently being challenged, with the EMA5.
For bullish continuation, we’ll need to see a clean EMA5 lock above this level. An EMA5 “lock” above 4624 would open the door for price to explore the upper range and set the tone for potential upside expansion heading into the week ahead.
If this level fails to hold, we may see price rotate back into the range and revisit lower support zones before any further directional move.
We’ll return on Sunday with a full multi-timeframe breakdown, covering key levels, structure, and scenarios across all charts to prepare for the upcoming trading week.
Enjoy the weekend everyone.
Mr Gold
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.