Local support: 45–43. As long as price holds above this zone, I’m watching for more immediate upside potential toward 51, and if momentum sustains beyond that level — continuation to 60+ and higher.
Chart:
Macro view:
Trade closed: target reached
Price is showing strong follow-through and has entered the next local resistance zone at 67–74, where some selling pressure might be expected.From a structural standpoint, the mid-term bullish trend has substantial support room in the 60–52 area. If we see an orderly retest of the May 2024 breakout zone, it could potentially open new opportunities to add or initiate a position.
Chart:
Note
Chart:
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