- Gold getting resist at the falling resistance line and near 50 period SMA.
- 4 Hour cloud too looks strong resistance zone.
- Price likely to test the recent low at 1227 again.
- Last chart is the crucial one, It shows the daily time frame with price breakouts above 50 Day SMA. Price after moving around 50 SMA has given good up moves. Daily chart also shows a series of higher lows which is likely to continue.
- First two chart shows possible breakdown in weekly time frame. If its confirmed with a weekly close then the target is about 8 points on the downside from the breakdown area.
- ES one hour chart with immediate support levels.
- Apple one hour chart shows price breaking golden ratio. Next target is 78.6% Fib level and the range top at 539
- Daily chart also breaks the falling resistance line. Bullish daily close may lead to a breakout above 539 levels.
- Facebook daily chart shows price violating crucial support zone. Price has also closed below the daily cloud.
- Facebook bears need to close below 100 Day SMA and 20 Week SMA on closing basis to extend gains further.
- APPLE Chart update
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- Bank nifty daily chart moving up from 50 DaY sma.
- Immediate resistance at 11207. Sustaining above it could give the golden ratio and 50 week SMA again as shown in chart 3.
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CRUDE Oil chart analysis