US500: Key Moment

US500, H4

The US500 faces a crucial 5200 support due to a correction after a robust fall aligned with the golden Fibonacci ratio. The MFI and RSI oscillators left the oversold zone, and the Parabolic SAR pointed below the price, potentially indicating bullish momentum.

If US500 fails to surpass the 5200 support, it will trigger a rise to 5325;
Conversely, breaching below the golden Fibonacci ratio will drop the asset to 5010.

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: Timur Yurdagyul

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