The market is currently in an uptrend which is shown in the 1 day time frame. Either the market is gradually go up to the one month time frame trend line (direction is shown by the BLUE arrow) or it is going to go up towards the mid range time support and resistance level (more easily seen in the 1 week time frame) and then going to return back down after failing...
The price is bouncing off this S/R several times, it is likely to return back down from the resistance towards the support however there is a small chance that it will break through the resistance. Possible profits to be made!
