
Looking at the lower time frame - H4, one can see that the price is stuck in a local consolidation. The nearest support is located at $ 1,895, while the aforementioned $ 1,933 level is acting as a resistance. Locally, one can also see that the price is bouncing off the upward trend line. As long as the price sits above it, the continuation of a upward trend is possible. However, one should be aware that in case of a break below, downward move towards next support at $ 1,875 may accelerate.

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