Preference:

Prices are on a bullish momentum and have recently broken out of a bullish trendline. We see potentially climb from our Pivot at 29595.8 in line with 61.8% Fibonacci retracement towards our 1st resistance at 29876.22 in line with 61.8% and 78.6% Fibonacci extension and 78.6 Fibonacci retracement.

Alternative Scenario:

Alternatively, Prices may dip towards our 1st support at 29235.45 in line with 23.6% Fibonacci retracement.

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