US500 At a key level!

US500, Daily

On the chart, the lows and highs continue to rise, indicating the stability of the uptrend. The price tests a significant resistance level at 5534 and the downtrend line.

If the price breaks above 5534, it is expected to rise with the target at 5785;
If the buyers fail to keep the initiative, the decline may resume with the test target 5154.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: FBS Analyst Team

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