The chart shows a clear uptrend overall, with a recent pullback.
Support and Resistance Levels
Primary Resistance: Around 2,880.00 – 2,885.00. This is a significant level where the price previously encountered selling pressure and was rejected.
Secondary Resistance: Near 2,900.00. This is a psychological level and a potential area of further resistance.
Primary Support: 2,850.00 – 2,855.00. This zone aligns with the current price and acted as resistance before, now potentially acting as support.
Secondary Support: 2,835.00 – 2,840.00. This level aligns with previous swing lows and could provide further support.
Potential Buying Area : 2,850.00 – 2,855.00. This zone is significant because:
It aligns with the primary support level.
It’s where the price previously consolidated before breaking higher.
A successful retest of this zone as support could signal a continuation of the uptrend.
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