My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 1, 2012
GOLD Analysis - Multiple time frames
GOLD DAILY CHART
GOLD FOUR HOUR CHART
- A bearish weekly close may take gold towards 50 Week SMA.
- Daily chart closing today below 200 SMA will confirm weakness.
- If price sustains above 200 Period SMA in four hour chart an up move can be seen.
- S&P 500 EOD UPDATE
SILVER Hour chart Analysis
ONE HOUR
FOUR HOUR
- Silver one hour looks weak as price is sustaining below 200 SMA will help bears of silver to extend the fall.
- Four hour chart is shown with possible support levels between 200 period SMA and between 32.50 - 32.90 levels.
- SILVER DILY CHART ANALYSIS
Nifty intraday Update
- Nifty 15 Minutes shows the down moves in smaller time frames.
- Breaking below 5268 will strengthen bears.
- Nifty is weak below 200 Hour SMA. Braking below the earlier support of 5268 will add to the bearishness.
- Bulls has to take support at these levels and close the hours above 200 Hour SMA for avoiding a larger breakdown.
- USDINR BULL FLAG AND H&S PATTERN
- GOLD CHART ANALYSIS
- SILVER DILY CHART ANALYSIS
NIFTY Analysis
- Nifty bulls battling with 20 SMA.
- Week took support at 50 Week SMA which bears need to break for a possible down move to happen.
- Month chart shows price closing below 5 Month High EMA. Bulls need to stay above month close level and Month high ema for an up move to happen.
- S&P 500 EOD UPDATE
- GOLD CHART ANALYSIS
- SILVER DILY CHART ANALYSIS
S&P 500 Analysis after closing bell
- SPX Week and daily charts are showing signs of weakness at historic resistance levels.
- But as shown in daily and four hour charts bears need price to break below 20 SMA or the up trend line of last chart.
- SILVER DILY CHART ANALYSIS
Subscribe to:
Posts (Atom)