mql5

The price was on the secondary correction by breaking 100 period SMA (100-SMA) to below to be bounced from 1809.44 key bearish reversal support level to break 100-SMA once again to above for the primary bullish market condition. For now - the price is located to be above 100-SMA/200-SMA ranging area within the following support/resistance levels:

• 2132.59 resistance level located above 100-SMA/200-SMA on the bullish area of the chart, and
• 2022.14 support level located near and above 100-SMA on the border between the primary bullish and the ranging bullish area.

RSI indicator is estimating the primary bullish trend to be continuing.

• If the price will break 2132.59 resistance level so the bullish trend will be continuing.
• If price will break 2022.14 support so the secondary correction within the primary bullish condition will be started in the ranging way up to 1809.44 key bearish reversal support level.
• If not so the price will be ranging within the levels.

Resistance	Support
2132.59	2022.14
N/A	1809.44

The Long-Term Strategy: watch close price to break 2132.59 resistance level for possible buy trade. Alternateve - watch price to break 2022.14 support level for possible sell trade with the target to be above 1809.44 level.