- GLD Daily chart shows a contracting triangle pattern which is closer to a breakout.
- Triangle breakout should takeout the weekly support or resistance levels which are 100 Week SMA and 20 Week SMA on closing basis for a bigger direction to happen.
- Weekly Fib levels also shows price ranging between the crucial 38.2% and Golden ratio which must be resolved for a major change in direction to happen
- APPLE WEEKEND UPDATE
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- Facebook daily chart trying to stay above its golden ratio.
- Price sustaining below 50 day SMA and Golden ratio may extend the down move.
- Below 28.01 Price may move towards 25.15 levels.
- Above 29.29 price is likely to give 32.50 levels again.
- APPLE WEEKEND UPDATE
