- Gold one hour chart shows support at 38.2% Fib level
- Immediate resistance at 50 Hour SMA.
- 30 Minutes chart shows a bullish falling wedge pattern.
August 29, 2013
GOLD Chart analysis
ES Support and Resistance levels
- 50 Hour SMA is the immediate resistance level shown in One hour time frame. Closing above this level may give a decent bounce for ES Bulls.
- Crucial supports are shown in daily charts. 50% Fib level and Cloud Base is getting tested. Daily close below these levels may extend gains for ES Bears. Taking support at these levels should result in a bounce.
- GOLD Support and Resistance levels
- SILVER Chart update
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