Type : Bullish continuation
Resistance : 1975.3
Pivot: 1904.1
Support : 1890.5
Preferred case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1904.9 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci retracement towards our 1st support at 1975.3 in line with 100% Fibonacci Extension. Our bullish bias is further supported RSI being at levels where bounces previously occurred and also prices trading above our ichimoku cloud support and RSI being at levels where bounces occurred previously.
Alternative scenario: If prices were to reverse, they can potentially dip towards our 1st support at 1890.5 which is a graphical swing low and also in line with 100% Fibonacci extension .
Fundamentals: Russo-Ukraine tensions seemed to escalate with the latest invasions from Russia, the precious metal rally will seemingly continue.
Resistance : 1975.3
Pivot: 1904.1
Support : 1890.5
Preferred case: Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 1904.9 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci retracement towards our 1st support at 1975.3 in line with 100% Fibonacci Extension. Our bullish bias is further supported RSI being at levels where bounces previously occurred and also prices trading above our ichimoku cloud support and RSI being at levels where bounces occurred previously.
Alternative scenario: If prices were to reverse, they can potentially dip towards our 1st support at 1890.5 which is a graphical swing low and also in line with 100% Fibonacci extension .
Fundamentals: Russo-Ukraine tensions seemed to escalate with the latest invasions from Russia, the precious metal rally will seemingly continue.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.