Deriving from the Weekly-timeframe graph on the left-hand side of the screen, the price is headed towards the crucial area of resistance lining up with the 50% FIbonacci retracement level highlighted on the chart.
Zooming into the H16 and lower timeframe charts, it can be inferred that a crucial area of resistance has been reached and the price is attempting to break out of the sideways-moving range it has been consolidating within. If the local region of resistance gets penetrated by bulls, then a small re-touch will be awaited before entering long positions and aiming for the zone plotted and targeted on the Weekly graph.