Our pivot point is at 4861.
Our preference: target 4576.
Alternative scenario: above 4861, look for 4967 and 5030.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (4776) but above its 50 period moving average (4749).
Supports and resistances:
5030 **
4967 *
4861 **
4820
4764 last
4638
4576 **
4513 *
4450 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-24-2025 at 08:51 UTC+1
Price reference: 4764 last known on 08-24-2025 at 08:51 UTC+1
Investment horizon: INTRADAY
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