WLD (WLDUSD) amidst negative expectations - Analysis - 12-23-2024

The price of WLD (WLDUSD) settled down during its recent trading at the moment levels, slightly coherent due to the beginning of positive signals in the relative strength indicators, after reaching areas of severe saturation with selling operations, to try to drain some of this selling saturation, in light of the control of the main downward trend in the medium term and its trading along a trend line, with the continuation of negative pressure due to its trading below its simple moving average for the previous 50-day period.

Therefore, our expectations indicate a decrease in the price of the currency during its upcoming trading, as long as the resistance level of $3.35822338 remains stable, targeting the pivotal support level of $1.28587183.

The expected direction for the upcoming trading: Down $WLD