In our analysis of February 18, we discussed the very high probability of a reaction on the long side. The price target of a minimum correction (probability of occurrence approx. 67%) has already been reached!
Provided that the support level that has existed since the end of November is not sustainably undercut, a further price increase in the direction of USD 1,808 / 1,817 can be expected. In this area, profit-taking and a temporary decline are to be expected. Provided this has stabilized, a further rise to around USD 1,825 is possible.
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