Price is currently at the bottom of a triangle pattern on the weekly timeframe.
This is a strong support area and I expect price will rise from here especially considering the current economic news that's coming out of the US regarding inflation, interest rates, etc.
This is a strong support area and I expect price will rise from here especially considering the current economic news that's coming out of the US regarding inflation, interest rates, etc.
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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.