The weekly charts show an overall bullish bias amid key supports. Daily/4h charts can witness range bound moves in the near term before resumption of uptrend. Short term traders should watch for breakouts on the 1h charts.
Weekly Timeframe
- The price is currently trading between the support zone at 32259.90 and resistance zone at 45400. From the long term perspective, the weekly charts show that the price is in an uptrend.
- The 0.5 fibonacci retracement level at 35385.15 provides good support.
- Supply zones 1 and 2 between 53256-69000 indicate areas where sellers may step in and limit upside momentum.
- Demand zones 1 and 2 between 30800-26538 provide good entry opportunities on dips in the weeks ahead if retested.
Support and Resistance Levels
Support Zone #1 | 32259.90 |
Support Zone #2 | 24309.38 |
Support Zone #3 | 17622.00 |
Resistance Zone #1 | 45400.00 |
Resistance Zone#2 | 59998.80 |
Fibonacci Retracement Levels
0.382 | 37852.89 |
0.50 | 35385.15 |
0.618 | 32918.85 |
0.786 | 29380.98 |
0.882 | 27388.39 |
Supply Zone
Zone Number | High | Low |
Supply Zone 1 | 53256.64 | 59444.00 |
Supply Zone 2 | 62278.00 | 69000.00 |
Demand Zone
Zone Number | High | Low |
Demand Zone 1 | 30379.99 | 29889.14 |
Demand Zone 2 | 27987.93 | 26538.66 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG / Imbalance Zone 1 | 38414.00 | 39972.26 |
Bullish FVG / Imbalance Zone 2 | 34025.00 | 30379.99 |
Bullish FVG / Imbalance Zone 3 | 29883.60 | 27987.93 |
Bearish FVG / Imbalance Zone 1 | 53256.64 | 52088.00 |
Bearish FVG / Imbalance Zone 2 | 62278.00 | 59444.00 |
Daily Timeframe
- Price is caught between support at 41300 and resistance at 44073. A break above here can push it to weekly resistance levels.
- Fair value gap/imbalance zone between 44940-43716 needs to be filled for further upside.
Support and Resistance Levels
Support Zone #1 | 41300.00 |
Resistance Zone #2 | 44073.32 |
4 Hour Timeframe
- Near term support is seen at 41144. A bounce here maintains upward momentum targeting daily resistance.
- Supply zone between 44862-45500 may offer sellers if tested in the short term.
Support and Resistance Levels
Support Zone #1 | 41144.87 |
Resistance Zone #2 | 44073.32 |
Fibonacci Retracement Levels
0.382 | 43924.65 |
0.50 | 43310.52 |
0.618 | 42707.12 |
0.786 | 41840.26 |
0.882 | 41358.60 |
SupplyZone
Supply Number | High | Low |
Supply Zone #1 | 44862.11 | 45500.00 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG / Imbalance Zone 1 | 44940.93 | 43716.00 |
1 Hour Timeframe
- Choppy price moves amid supports at 42408 and 41402 and resistances at 44228 and 43490.
- Break above can open up moves to daily resistance, while a slide from here retests daily support.
- Short term bullish FVG between 45045-43716 needs filling for minor positive bias.
Support and Resistance Levels
Support Zone #1 | 42408.92 |
Support Zone #2 | 41402.06 |
Resistance Zone #1 | 44228.00 |
Resistance Zone #2 | 43490.01 |
Fibonacci Retracement Levels
0.382 | 43926.65 |
0.50 | 43319.28 |
0.618 | 42713.14 |
0.786 | 41857.11 |
0.882 | 41359.83 |
Supply Zone
Supply Number | High | Low |
Supply Zone #1 | 45045.95 | 45500.00 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG / Imbalance Zone 1 | 45045.95 | 43716.00 |