Macro drivers include reduced safe-haven demand following the US-China trade agreement on rare earths and a temporary ceasefire between Israel and Iran. However, expectations of a Fed rate cut—especially after weaker US consumer spending data—could limit further losses.
Technically,
Key Levels to Watch:
Support: $3,261 (defended), $3,250 (monthly low)
Resistance: $3,283 (minor), $3,311 (former support turned resistance), $3,330 (TL2 trendline)
📉 Trendlines: TL1 and TL2 still capping upside; breakout would confirm bullish shift
If bulls can maintain control above $3,283 and push through the trendline, a broader recovery could follow. However, failure to clear this zone may invite renewed selling pressure.
⚠️ Disclaimer: This analysis is for informational purposes only and does not constitute investment advice.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.