Consolidation inside 29200-28700 have been progressing for the last few days. However, prevailing chart formation seems positive and prices could possibly break the upside and test the target of 29200 initially followed by 29400 levels. An unexpected drift lower below 28650 would be an early signal of bearish sign.
Consolidation resistance of 54400 has been pierced and for the day, we expect prices to move further towards 55200 or even more. At the same time, close below 54000 could negate the view and take prices lower.......
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