GOLD Trend update

• Gold testing hourly cloud. Price must sustain above the cloud and 100 Period SMA for a possible trend reversal in this time frame.
• 4 Hour chart with fib levels shows immediate resistance levels.
• GOLD WEEKEND UPDATE

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ES Chart analysis

• ES one hour trading above the cloud and support lines.
• 4 Hour channel shows price trading in the bullish part of the channel.
• GOLD WEEKEND UPDATE

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ITC Chart analysis

• Support in daily chart is seen at 332 levels.
• Daily MACD shows a sell signal But price has to close below 20 SMA for a bigger fall to happen. Taking support at 20 SMA may lead to an up move.
• Below 332 next support level is at 38.2% Fib level.

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