� General technical analysis

• Intermediate Trend: A corrective bullish trend within a small ascending channel
• Price rebounded strongly from strong demand area around 102-104
• Currently in correction territory after sharp rise

🌊 Wave Analysis (Elliott)

• A strong downward wave has been completed (Wave C)
• Then the rising pulse wave (Wave 1) is released.
• Currently in a correction (wave 2) ➡️ Expectation: Strong bullish start of wave 3

⏳ Time Analysis

• The current correction has reached the end of its short time period
• The right time for a bullish reversal in the following candle

🔢 Numerical Analysis (Fibonacci)

• Price almost corrected at 0.73 Fibonacci level (visible on the chart)
• This is a very strong digital reversal level

📰 Fundamental analysis

• Improving risk appetite + relative USD weakness
• Metals benefit (gold + silver) ➡️ Fundamentals currently support growth

📈 Price Action

• Strong downside tail (clear price rejection)
• Forming a higher low than the previous one (higher low)

📉Strong support

✅ 108.0 – 106.5 (Demand Zone + FVG)
✅ 104.0 – 102.5 strong axial support

📈 Resistor

❌ 112.5 – 114.0 display area
❌ 118.0 previous strong peak

📐Art model

• Small ascending channel
• Bullish continuation model.

📊 Digital and harmonic models

• Completion of possible near-bat numerical correction models
• Supports bullish reversal

📦 Supply and demand zone (FVG)

Require:

🟢 106 – 108
🟢 102 – 104

Quotation:

🔴112.5 – 114
🔴117.5 – 118

🎯 Fixed point and pivot area

• Agreement above 108 = very positive
• A break above 106 would only temporarily weaken the bullish outlook

✅ Current best recommendations (in line with expected trends):

📈 Buy from current area or any minor fixes:

Buy: 110.5 – 109.8

Stop Loss (Close): 108.8

Ensure first target purchase: TP1: 112.8
TP2:114.0
TP3:117.5

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