Our previous idea of short on break of 2000 worked pretty well to achieve target 1934. The relief rally from 1932 to 1960 on the same day shows the strength of the support area and shall continue to achieve targets 1970/1985 of the immediate resistance zone. Happy Trading!
Support zone 2000-2010 shows weakness after being tested a couple of times on price rejections from the major resistance zone 2032-2052. A break with candle close will turn it into additional resistance, taking the price to its next support 1974-1981. DXY has a very strong daily & weekly closing & Silver this week has fallen badly making it bearish on higher time...
Price retraced back to resistance zone 2035-2052 but got rejection from 2038. US CPI today is going to have a big impact. US yields have been on the rise in last couple of days. A higher than expected CPI will lead to a retest of support at 1980 of the 2003-1968 area.