Date : 1 July 2021
Pivot point : 35341
Our preference : the downside prevails as long as 35341 is resistance.
Alternative scenario : the upside breakout of 35341, would call for 36612 and 37369.
Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 34663 and 34691).
Supports and resistances :
34327 – Last price
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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FBS : Daily trading plan for September 15, 2021 (Chinese economy is about to crash and gold is ready to move)