31 May Friday View

Price broke and held the level 33700 (USD 1497.66) yesterday. This level has been a very tough resistance to be broken in the past and now seems has turned out to be a support, it is expected to hold well now. Currently the price is near and below another important level 38.2% retracement at 34326 (USD 1423.62). If price breaks this level too and holds we may see further price extension towards 34850 (USD 1445.36) and 35086 (USD 1455.14), 50 % retracement of the previous fall.

Trade Happy, Trade Safe :)