Camera X Rotation Problems

So I'm trying to create a script where the "weapon" will be in front of the player but when the player looks too far up or down the "weapon" will stop moving. For a visual representation of what I'm trying to do (https://www.youtube.com/watch?v=FkeL74kc0mA).

The problems is that when the player looks down, the "weapon" stops (good) but when the player spins around the "weapon" will reset its self to the normal position (bad).

I've used a Debug.Log to see what's going on and when the player spins the holder will change X rotation from 0.35 to 0.65. I'm a using the Smart First Person Controller asset (https://www.assetstore.unity3d.com/en/#!/content/39505).

Here is the script so far

 using UnityEngine;
 using System.Collections;
 
     public class Holder : MonoBehaviour {
     
         public GameObject Camera;
         private Vector3 eulerRotation;
     
         // Use this for initialization
         void Start () {
         
         }
         
         // Update is called once per frame
         void Update () 
         {
             eulerRotation = new Vector3(transform.eulerAngles.x, Camera.transform.eulerAngles.y, Camera.transform.eulerAngles.z);
     
             //              Low Value                           High Value    0.65               
             if (Camera.transform.rotation.x <= 0.35) 
             {
                 transform.rotation = Camera.transform.rotation;
                 transform.position = Camera.transform.position;
             } 
             else 
             {
                 transform.rotation = Quaternion.Euler(eulerRotation);
                 transform.position = Camera.transform.position;
                 Debug.Log (Camera.transform.rotation.x);
             }    
         }
     }