Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• While the price is above the support 2601.85, continuation of uptrend is expected.
• We make sure when the resistance at 2789.95 breaks.
• If the support at 2601.85 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

• The RSI uptrend #1 is broken, so the probability of continuation of uptrend is decreased.
• A peak is formed in daily chart at 2789.95 on 10/31/2024, so more losses to support(s) 2644.20 and minimum to Major Support (2601.85) 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 48.

Supports and Resistances:

1. 2601.85
2. 2551.62
3. 2380.00
4. 2279.87
5. 2219.63
6. 2145.04
7. 2087.89
8. 1984.20