US30 Remains Poised For Renewed Upside Momentum

US30 Analysis – December 2

US30 signals steady bullish continuation ahead. The index continues to maintain a firm upward bias, with price action holding above the 9-day SMA near $46,990, indicating sustained bullish participation. The RSI positioned in the mid-50s reflects controlled but gradually strengthening demand, suggesting the market is still gathering momentum for additional upside movement. Together, these indicators reinforce a stable short-term trend foundation and a broader positive outlook.

US30 Key Levels

Resistance Levels: $48000, $50000, $51000
Support Levels: $45090, $42880, $41740

US30 Long-Term Trend: Bullish

Technically, the index recently rebounded from the $46,250 demand zone, forming a higher low that further supports the ascending trendline structure. Price is currently consolidating beneath the $48,000 resistance after a rejection near $48,450, showing that buyers are regrouping while keeping the broader bullish formation intact.

If the index continues to trade above the $46,990 threshold, another attempt toward $48,000 becomes increasingly likely. A decisive break above this level could open the way for a move toward $50,000, with the potential for an extended advance into the $51,000 region as momentum strengthens.

US30 Short-Term Trend: Bullish

US30 maintains a bullish structure overall, though current price action shows reduced momentum as it drifts below the 9-period SMA on the four-hour chart. A short-term pullback toward the demand zone between $46,400 and $46,250 appears likely as buyers seek a more favourable entry.

The RSI has eased from previous highs, supporting the likelihood of a minor correction before continuation. If the demand region holds firm, the index remains positioned to retest the $48,000 resistance and extend its broader upward trajectory, aligning with insights often highlighted in forex signals.

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