In this time frame, the price is moving in the orbit of a downward channel and has met support in the range of $1077. If it can break the resistance level of its downward trend line, we will see the price rise to the range of 0.5 and 0.618 Fibonacci. Otherwise, the price will continue its downward trend and we will see a further drop to the range of $1006.
Resistance range: 1006-1049-1077
Support range: 1113-1137-1174
GOODLUCK
SANAM
Resistance range: 1006-1049-1077
Support range: 1113-1137-1174
GOODLUCK
SANAM
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