Bulls broke the triangle consolidation to test the supply zone .
Given the current trend structure, bulls Broke downward pressure of the triangle consolidation to complete the test of the supply zone at point D 2430 .Whether a significant pullback will follow remains to be seen, as the current time cycle still appears congested, which may hinder further upward movement.
On the downside, a break below $2,380 would introduce selling pressure, with the first target being the $2,324 range. On the fundamental side this week inflation data will be the climax.
On the downside, a break below $2,380 would introduce selling pressure, with the first target being the $2,324 range. On the fundamental side this week inflation data will be the climax.
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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.