Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (2064.09 to 2088.30). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (2064.09)
• Ending of entry zone (2088.30)

Midterm forecast:

• While the price is below the resistance 2145.98, beginning of downtrend is expected.
• We make sure when the support at 2000.00 breaks.
• If the resistance at 2145.98 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
• A trough is formed in daily chart at 2001.75 on 01/17/2024, so more gains to resistance(s) 2064.09, 2088.30 and maximum to Major Resistance (2145.98) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 47.

Take Profits:

1. 2000.00
2. 1973.00
3. 1932.85
4. 1884.70
5. 1843.75
6. 1809.97
7. 1765.00
8. 1658.96