19/08/2025
Update:
Price : Near 3340, consolidating after bearish breakout. Holding 3330 support.
Bullish Scenario : Break above triangle apex targets 3355 (Fib 0.382) then 3365. Supported by fading peace talk optimism, geopolitical uncertainty, and USD weakness.
Technicals : RSI recovering around 46 (bullish momentum). Tightening Bollinger Bands (potential volatility). Volume spikes near support (buyer interest). Watch triangle breakout direction.
Key Levels:
R1: 3365
R2: 3400
S1: 3338
S2: 3320
Alternative Scenario: Failure to hold 3330 risks drop to 3298–3267.
Data: No major releases today. Awaiting tomorrow’s U.S. housing starts data.