Short
Double Resistance around ~820 level
We're observing two price resistance levels: one from the 820 level which has served as strong support over the past several weeks, and an upper edge resistance from the longer-term channel. Price is touching the bottom edge of the shorter term channel, but judging by the strength of the longer-term channel resistance as well as the 820 resistance level, we are likely to see a bearish breakout within the next few periods.
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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.