Our pivot point stands at 57990.
Our preference: the upside prevails as long as 57990 is support.
Alternative scenario: the downside breakout of 57990 would call for 56850 and 56160.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 58594 and 58744).
Supports and resistances:
62430 **
61740 *
61060 **
60380
58971 last
58440
57990 **
56850 *
56160 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-19-2024 at 21:50 UTC+1
Price reference: 58971 last known on 08-19-2024 at 21:50 UTC+1
Investment horizon: INTRADAY
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