Since May 2022 the asset has gone short, hiking within a channel.
We had the bullish channel exit when the US CPI had lower than expected values.
The 1780/1800 values are a resistance as well as the EMA200 causing there to be a slowdown in the valuation.
There is an expectation of a rise to 1807 again, but the analysis is based on a Short bet at 1615usd.