- At the end of May 2023, prices cleared its down-sloping trendline with a massive gap up.
- Weekly RSI also cleared 51-59 zone where it got capped during the bear phase.
- Now prices has also cleared the 78.6% FR level resistance.
- Prices are now likely to head to its major resistance zone between 1625-1675.
- Bullish view remains valid as long as prices stay above the Gap area of 1165-1105.