As previously forecasted, price may fall as a result of decreasing buyer demand. Price is currently in a channel up movement and if it can hold 1575 - 1580, it may retest 1600 (short term recovery). However, if the price falls below 1575, there's a high possibility it will plummet to 1557 area.
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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.