with the price ranging between 1850 and 1815
Looking at the weekly chart we can see that at this moment a lower high is in place at the 1875 zone and the price is pressing on 1815 support.
A break of this support could lead to further losses, but more importantly, will confirm a break of the long-term trend line .
In such an instance we can assist to a change of the long-term trend and a drop to 1680 important support is very probable.
Selling rallies is my strategy with negation in a daily close above 1850 case.
WE CAN SEE A 1830-1860 IN PLAY SOON
Looking at the weekly chart we can see that at this moment a lower high is in place at the 1875 zone and the price is pressing on 1815 support.
A break of this support could lead to further losses, but more importantly, will confirm a break of the long-term trend line .
In such an instance we can assist to a change of the long-term trend and a drop to 1680 important support is very probable.
Selling rallies is my strategy with negation in a daily close above 1850 case.
WE CAN SEE A 1830-1860 IN PLAY SOON