- Prices had been consolidating between 850 and 1150 since October 2022.
- This week, prices have cleared the upper end of the trading range decisively.
- Weekly RSI has also cleared its previous peak level, suggesting strength.
- Prices are expected to initially test its prior all time high of 1434.
- Since there is not enough history, riding the trend is important.
- Bullish outlook remains valid as long as price sustains 1130.
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