– Previous Weekly candle closed weak Bearish at 2400.500 leaving a huge Rejection to the upside forming Weekly Resistance around 2411.700, Friday Daily candle closed Strong Bearish. I’ll be looking for potential Buys above 2405.500 targeting 30min Resistance formed around 2414.000 Leaving Runners to the Hourly Resistance formed around 2420.500. I’ll be looking for potential Sells below 2395.500 targeting previous Daily Resistance formed on 7th July 2024 around 2387.500 Leaving Runners to the Hourly Support formed on 11th July 2024 around 2380.700. High Impact News ahead of the New York session for the US Dollar which may bring High Volatility to the market. Retracement is expected on the higher timeframe to allow the new Weekly candle to form the top wick.
