Price has violated previous support and rallied back up to test the area which is now acting as resistance, price expected to sell off from this area.
Long term down trend
Break of previous support followed by a retest of the blue shaded support turned resistance zone
Price expected to sell off from this area
Price is moving up using key levels as marked on chart
Price has retraced back to previous resistance which is now acting as support, also confluent with 61.8 retracement level.