Hello everyone,
The retracement range opened again after breaking the 4028 support level.
The price has now filled the 3976 level and is currently witnessing a retracement from this level likely.
If the 3976 level continues to hold as support, we will likely see the 4028 level tested as resistance. A successful break above 4028 will reopen the range targeting 4077.
Currently, we are trading within the larger range between 3976 and 4077, with no confirmed break below 3976. This remains a crucial support level before we start looking for a move towards the lower swing range.
We will continue to update you as prices develop.
Mr. Gold
