Currently, it is in Golden Pocket and if it takes Support
from this level, we may expect Good Gains.
It should Not Break 85 on Monthly Basis (monthly support level).
Breaking this level will expose 63 & then 55 in bit longer term.
However there is a Bullish Divergence on Daily TF
& we may expect reversal from around 86 -87.
Initial hurdles can be 92 - 93 & if 97 is Crosses &
Sustained, we may witness trend reversal targeting
100 then 108.
from this level, we may expect Good Gains.
It should Not Break 85 on Monthly Basis (monthly support level).
Breaking this level will expose 63 & then 55 in bit longer term.
However there is a Bullish Divergence on Daily TF
& we may expect reversal from around 86 -87.
Initial hurdles can be 92 - 93 & if 97 is Crosses &
Sustained, we may witness trend reversal targeting
100 then 108.