After a pretty ugly daily candle yesterday, here we are, $8300 is the battle ground and it seems like bears have gained the upper hand somewhat. Looking for longs around 0.705 and 0.79 fib retracement levels. 0.79 confluent with the daily Demand we bounced from seems like a good spot to lay bids. Scaling in from $8050-$7900 if we get there. Conservative targets from $8430-$8500.
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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.