November 22, 2017

APPLE Testing Month Resistance line

  • APPLE Month chart shows price testing possible resistance line.
  • Unable to close the month above this resistance line may result in a correction.
  • Levels to trigger weakness in weekly time frame is shown in second chart.

November 21, 2017

ES Support and Resistance levels before opening bell

  • 4 Hour chart shows support at 200 Period SMA.
  • Daily time frame with possible resistance at Upper bollinger band.

November 19, 2017

GOLD Weekend update

  • Gold daily trying to stay above 50 Day SMA. Last attempt to stay above this line was failed. Immediate resistance for Gold bulls are 1298 to 1308. If price sustains above this level bigger up move is possible.
  • Gold week has an Ascending triangle pattern. Another fall towards the rising support line of the pattern is possible before the big up move can happen. Resistance level for the Ascending triangle is at 1365. If the support line of the weekly pattern works well then price should visit 1365 level soon.