Despite smaller counter movements, Agnico continues to follow our primary scenario. We expect it to fall below the support line at $45.42, which should confirm further descent below the next support at $31.03. However, there is a 32% chance that Agnico could chose the other direction and cross the resistance at $74.50, thus reinforcing upwards movement above the next resistance at $89.16.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.