Short-term cycle technical patterns are positive, with consecutive gains helping the price stabilize at the middle band of the Bollinger Bands at 91,500. The slight expansion of the Bollinger Bands confirms increased activity.
The early morning rally faced resistance and pulled back, but this did not impact the bullish trend, which remains strong.
The three Bollinger Bands are moving upward in sync, with the middle band support proving effective, while the upper band creates phase resistance.
Considering recent wide-range fluctuations, the support zone is around 91,000-91,500. The next target could be 93,300-93,700.
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Short-term cycle technical patterns are positive, with consecutive gains helping the price stabilize at the middle band of the Bollinger Bands at 91,500. The slight expansion of the Bollinger Bands confirms increased activity.
The early morning rally faced resistance and pulled back, but this did not impact the bullish trend, which remains strong.
The three Bollinger Bands are moving upward in sync, with the middle band support proving effective, while the upper band creates phase resistance.
Considering recent wide-range fluctuations, the support zone is around 91,000-91,500. The next target could be 93,300-93,700.