As it can be seen from the chart, a nice bullish candle is being printed and the price has nicely bounced off from the crucial zone of support. We believe that there is a high possibility that the price will keep on rising till the previous zone of support now turned resistance, which nicely lines up with the Golden Fibonacci zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.