We saw a strong push higher on Friday, with price reclaiming the MA50, shifting short-term momentum and opening the potential for a move toward the MA200.
Immediate resistance sits at 4529, aligning with the channel midline. A confirmed break above this level would open the path toward 4607 as the next target, while key resistance remains at the 4700 level.
On the downside, immediate support is seen at 4426, in line with the channel bottom. A break below this level would signal weakness and open the door for further downside into lower support zones, including a potential retest of the lows.
šKey levels to watch:
Resistance:
4529
4607
Support:
4426
4352
4263
4169
4049
š Let key levels guide your decision ā wait for confirmation.