August 9, 2013

  • Gold one hour trading in a range.
  • One hour shows price above 200 Hour SMA
  • Price must move and sustain above Daily cloud for a bigger up move to happen. Weakness on price falling back below 200 Hour SMA.

  • Intel shows a falling wedge Bullish reversal pattern.
  • Price is nearing 200 Day SMA.
  • Weekly chart shows price near rising support line. Oversold week and 200 SMA may give a reversal for Intel.
  • MICROSOFT Chart analysis
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  • Microsoft has moving into the result GAP. 
  • Price managed to close above 20 Day SMA. Sustaining above 38.2% price is likely to test 50 Day SMA.
  • For fully fading the gap price must trade above 50 Day SMA.
  • Silver violates 50 Day SMA after a long gap, Now Silver bulls need a daily close above this level for extending this bounce.
  • 4 Hour chart immediate resistance levels for the bounce.
  • For a trend change price must trade above the daily cloud. 


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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore