Our pivot point stands at 4816.
Our preference: the downside prevails as long as 4816 is resistance.
Alternative scenario: the upside breakout of 4816, would call for 4921 and 4983.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4779 and 4784).
Supports and resistances:
4983 **
4921 *
4816 **
4775
4734 last
4599
4537 **
4474 *
4412 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-25-2025 at 06:04 UTC+1
Price reference: 4734 last known on 08-25-2025 at 06:04 UTC+1
Investment horizon: INTRADAY
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