Weekly View 10 June - 14 June

Price once again tested a high of 34321 (Thursday) this week but failed to breach this level as well as to sustain above 34204 (USD 1418.50) resistance level.

Outlook remains unchanged and cautiously Bearish.

A break below 32200 (USD 1335.45) will likely extend the larger decline through 31865 (USD 1321.50) support, in that case further fall could be seen to 28897 (USD 1198.40) which is close to 1200 psychological level.

On upside, break and hold above 34360 (USD 1425) resistance should bring another recovery to extend the consolidation from 31865 (USD 1321.50).

Trade Happy. Trade Safe :)