Price continues to hold around long-term trendline (adjusted slightly) with 50EMA as current (low) support.
The consolidation zone discussed in yesterday's post has been highlighted for reference.
Unless there's a solid sign of another bullish breakout such as a push to 1800 with flip/close (likely H4, or H1 if higher volatility) I would be cautious on making buys atm.
Keep an eye on H1 200EMA and 1500 critical as markers for a potential new correction phase.
The consolidation zone discussed in yesterday's post has been highlighted for reference.
Unless there's a solid sign of another bullish breakout such as a push to 1800 with flip/close (likely H4, or H1 if higher volatility) I would be cautious on making buys atm.
Keep an eye on H1 200EMA and 1500 critical as markers for a potential new correction phase.
