The current price of 2532.4 is finding support at the 4-hour 0.382 retracement and 1-hour 0.382 retracement. Near-term resistance lies at the 1-hour supply zone. A break above 2588.7 could see a test of the 1-hour 0.618 level at 2618.2. Support holds below 2340.7 in the 4-hour.
Contents
For a more in-depth technical analysis across different timeframes, please click the link to view the identified levels of support and resistance, trends, and reversal patterns on the weekly, and daily charts.
4 Hour Timeframe
- The price is currently in the 0.382 Fibonacci retracement level of 2531, with support levels below at 2340.7 and 2176.3.
- The next support zones are in the demand zone between 2305.3-2228.7.
- There is a bullish fair value gap above between 2341.6-2305.3 that could attract buying pressure if price reaches that level.
Support/ Resistance Zone
S/R Type | High | Low |
Support Zone 1 | 2340.7 | 2310.4 |
Support Zone 2 | 2176.3 | 2145.0 |
Fibonacci Retracement Levels
0.382 | 2531.0 |
0.50 | 2473.2 |
0.618 | 2415.5 |
0.786 | 2333.3 |
0.882 | 2286.1 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 2305.3 | 2228.7 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 2341.6 | 2305.3 |
1 Hour Timeframe
- The price is currently below the 0.50 Fibonacci retracement level of 2587.3.
- There is an overhead supply zone between 2588.7-2561.9 that may act as resistance. Stronger resistance lies at the 0.618 and 0.786 retracement levels.
- Support lies at the 0.382 retracement level of 2556.4. Below that lies the 4-hour supports.
Fibonacci Retracement Levels
0.382 | 2556.4 |
0.50 | 2587.3 |
0.618 | 2618.2 |
0.786 | 2661.8 |
0.882 | 2686.3 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 2588.7 | 2561.9 |