– I’ll be looking for potential Buys above 196.190 targeting previous Hourly Support formed on 8th January 2025 around 196.850 Leaving Runners to the 4h Resistance formed on the 8th January 2025 around 197.530.
– I’ll be looking for potential Sells below 195.600 targeting 30min Support formed at 195.210 Leaving Runners to the 4h Rejection formed at 194.800.
– The weekly candle has finally closed bullish, signaling a shift in momentum after weeks of indecision. Price managed to fill most of the recent rejection wicks to the upside, suggesting that buyers are gaining strength and beginning to take control of the market structure.