Nickel (XNIUSD) Analysis: Decoding Diagonals and Fundamental Forces | Trade Zone with Joe Jeffriess

Greetings, traders! 🌐 In today's insightful update, we dive deep into the world of Nickel (XNIUSD) on the daily chart.

🔍 Key Insights:

➡️ Unveiling the Diagonal Pattern:
We dissect the ongoing consolidation pattern with a focus on the ending diagonal side. Is a reversal on the horizon?

➡️ Critical Levels:
Identify the crucial support at 15,840 and resistance at 17,198 and 18,500.

➡️ Fundamental Undercurrents:
Explore the fundamental circumstances influencing Nickel's trajectory since 2023.

Join us as we navigate through the intricacies of Nickel's price action. Will the downtrend persist with a new lower breakout, or is a higher push by buyers in the cards? The answers await in this must-watch update!

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