US30 Preserves Upward Bias Under Strengthening Trend Dynamics

US30 Analysis – December 23

US30 preserves upward bias under strengthening trend dynamics. US30 remains positioned within a constructive upward environment, supported by sustained trading above its ascending trendline and short-term average references. The 9-day SMA, situated around $48,270, continues to slope higher and track price action closely, indicating ongoing participation in the prevailing move rather than emerging trend fatigue. Momentum conditions remain broadly supportive, with the MACD stabilizing near neutral territory while still favoring continuation, pointing to consolidation within an established advance.

US30 Key Levels

Resistance Levels: $48270, $50000, $51000
Support Levels: $45090, $42880, $41740

US30 Long-Term Trend: Bullish

From a technical perspective, price action continues to reflect a sequence of higher troughs along the rising trendline that originated from the mid-year recovery phase. Recent pullbacks have remained shallow, preserving structure above the $48,000 psychological level and dynamic support near $47,390. This behavior suggests orderly rotation and measured profit-taking rather than broad-based distribution. Resistance around the $49,000 zone has progressively weakened, signaling increasing acceptance of higher price levels.

Looking ahead, maintaining trade above $48,000 keeps the broader upside narrative intact and allows scope for a renewed push toward the $50,000 milestone. A decisive break beyond this region would likely bring the $51,000 area into focus as the next upside reference, aligning with prevailing forex signals within the dominant trend trajectory. While short-term retracements toward the $47,400–$47,800 zone may occur as part of natural trend development, such moves would be viewed as technical pauses rather than structural breakdowns, provided the ascending trendline remains respected.

US30 Short-Term Trend: Bearish

On the four-hour chart, US30 is exhibiting signs of near-term bearish pressure, as price struggles to sustain momentum above the $48,200–$48,300 resistance band. The recent rebound appears corrective in nature, with price remaining capped below prior swing highs and trading close to a flattening short-term moving average.

Momentum has softened, with the MACD hovering near the zero line, reflecting reduced bullish conviction. A continuation lower could expose ascending trendline support around the $46,500–$46,300 region if selling pressure intensifies.

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