Price / Momentum: Weekly close $122.94 (+1.39%); currently challenging minor resistance near $123. The structure shows sideways consolidation after a sharp run-up earlier in the year.
Volume: Volume is subdued compared to the February–April surge, indicating a lack of strong conviction yet. A volume spike would be needed to confirm a breakout.
Structure / Pattern: Price remains in a horizontal range between $105 (support) and $141 (resistance). The recent higher low near $116.7 suggests buyers are defending dips.
Key Levels:
Resistance/Breakout: $123.3, then $129.9 → $136.5 → $143.1 → $149.8 (upside targets).
Support: $116.7 (near-term); $105.5 (major support).
Bias & Trade Idea: Neutral-to-bullish bias while above $116.7. A decisive breakout above $123–124 with volume could open room toward $130+. Failure to clear $123 soon could lead to another retest of $116–105 support zone.
⚠️ Disclaimer: This chart is for educational purposes only.
Regulatory Note: We are an independent development team. Our services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions.
Volume: Volume is subdued compared to the February–April surge, indicating a lack of strong conviction yet. A volume spike would be needed to confirm a breakout.
Structure / Pattern: Price remains in a horizontal range between $105 (support) and $141 (resistance). The recent higher low near $116.7 suggests buyers are defending dips.
Key Levels:
Resistance/Breakout: $123.3, then $129.9 → $136.5 → $143.1 → $149.8 (upside targets).
Support: $116.7 (near-term); $105.5 (major support).
Bias & Trade Idea: Neutral-to-bullish bias while above $116.7. A decisive breakout above $123–124 with volume could open room toward $130+. Failure to clear $123 soon could lead to another retest of $116–105 support zone.
⚠️ Disclaimer: This chart is for educational purposes only.
Regulatory Note: We are an independent development team. Our services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions.
Creator of “VaultSignal Weekly, SignalSurge Daily, ProChart Future Hourly, – Invite-only scripts. Access available via profile. t.me/+Mdc4fo9qxn8zNzI1
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Creator of “VaultSignal Weekly, SignalSurge Daily, ProChart Future Hourly, – Invite-only scripts. Access available via profile. t.me/+Mdc4fo9qxn8zNzI1
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.