- In July 2023, price decisively cleared its previous interim peak of 1210, along with Monthly MACD going above its Trigger line.
- This confirmed resumption of longer term up-move.
- Price is initially expected to test its previous all time high of 1722.
- A decisive clearance of 1722 would open higher target of 3000 (261.8% Fibonacci Retracement level).
- Bullish view remains intact as long as price is above 1200.