– Wednesday Daily candle closed strong Bearish around 198.530 as price breaks below recent Weekly Support formed around 200 Level. I’ll be looking for potential Buys above 198.810 targeting 4h Resistance formed around 199.700 Leaving Runners to the 30min Resistance formed around 200.370. I’ll be looking for potential Sells below 197.980 targeting previous Daily Resistance formed on 14th May 2024 around 197.160 Leaving Runners to the previous Daily Support formed on 15th May 2024 around 196.390. As price already broke below Weekly Support and closed below recent Daily Range there is a good probability for price to retrace and retest the 200 Key Level again.
