The price has risen to the upper boundary of the ascending channel and the daily 50 EMA, driven by news and US government debt. The price may correct towards the lower boundary of the channel before rising again towards the resistance of the weekly 100 EMA. A breakout below the lower boundary of the channel will bring the price down to the support level near the POC zone.
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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.