XTIUSD has been trading in a bearish trend .
The price is printing lower lows and lower highs. The price has currently broke below an important support (82-84).
Now the price has approached again to broken support now act as resistance.
The upper boundary of channel will also act as resistance. While the same resistance zone has also confluence with 100MA.
Trade your levels accordingly.
The price is printing lower lows and lower highs. The price has currently broke below an important support (82-84).
Now the price has approached again to broken support now act as resistance.
The upper boundary of channel will also act as resistance. While the same resistance zone has also confluence with 100MA.
Trade your levels accordingly.