Local thoughts on the schedule, when will there be a correction?
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A few thoughts for next week:
Selected the 8H chart for an overview of strong traded zones, the gray lines on the charts can be attributed to local resistance and local support in the $21,500 zone (local traded zone)
The $22,800 level is now under close observation, this zone may be the starting point of the $25,200 flight to the uppermost local high.
On the chart, we see a similar situation that there was a small trade in the range of $21,500-22,200 and a pump for $23,300 if next week we see a fixation above $22,800, then most likely we can expect a trip to the $25,200 zone if the buyer can hold strong zone.
Also, speaking globally, fixing $22,500-22,800 above the global trend line is a strong positive for the asset.
A few thoughts for next week:
Selected the 8H chart for an overview of strong traded zones, the gray lines on the charts can be attributed to local resistance and local support in the $21,500 zone (local traded zone)
The $22,800 level is now under close observation, this zone may be the starting point of the $25,200 flight to the uppermost local high.
On the chart, we see a similar situation that there was a small trade in the range of $21,500-22,200 and a pump for $23,300 if next week we see a fixation above $22,800, then most likely we can expect a trip to the $25,200 zone if the buyer can hold strong zone.
Also, speaking globally, fixing $22,500-22,800 above the global trend line is a strong positive for the asset.