59620 is our pivot point.
Our preference: the downside prevails as long as 59620 is resistance.
Alternative scenario: the upside breakout of 59620, would call for 60770 and 61450.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59068 and 59468).
Supports and resistances:
61450 **
60770 *
59620 **
59170
58725 last
57360
56680 **
56000 *
55320 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-19-2024 at 06:04 UTC+1
Price reference: 58725 last known on 08-19-2024 at 06:04 UTC+1
Investment horizon: INTRADAY
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