The price fluctuates between 70.06 and 77.02, exhibiting a bearish trend. Therefore, we should wait for the price to break below 77.02 to confirm the downward movement, particularly if a 4-hour candle closes below this level, which would likely result in a sharp decline towards 75.47. However, if the price reverses for any reason and stabilizes above 79.06, it may rise to 80.59.
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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.