GOLD Month and Weekly chart update

• Week and Day shows price violating crucial support levels.
• Month chart is testing a crucial long term trend line. If this one too goes on closing basis then gold is likely to see bigger falls.

TWITTER Chart analysis

 

• While the weekly and Daily Medium term signals looks good for bears, Bulls may get a bounce from the Golden ratio and the GAP Fading as shown in chart 2 and 3.
• Bears need the weekly candle to close at the lows today. Yesterday's Doji candle may spoil a perfect bearish weekly candle though.

RELIANCE Industries chart analysis

• Reliance industries heading into a resistance line and daily cloud.
• Price need to sustain above 50 day sma to extend this up move.
• Clearing 1010 - 1015 levels on closing basis may give bigger up moves. Weakness at the resistance line may lead to a correction

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SILVER Testing recent lows

 

• Silver daily getting resisted near 50 Day SMA
• Hour chart shows a range breakdown.
• sometimes before a big reversal a false spike below the recent low is possible. If daily does not give a lower close there is hope for silver bulls. But for now it remains a hope for those who were long.
• All major time frames remain in favor of bears.
• SILVER TREND UPDATE

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S&P 500 Ichimoku cloud analysis

• For the very short term One hour time frame has given support.
• Daily though is acting as resistance. Price need to stay above the daily cloud for extending the up move.
• Weekly chart shows price acting as support for the recent correction.

GOLD chart analysis

 

 

• Gold Bounce in daily time frame was limited to the Ichimoku cloud.
• Now price is testing the crucial support zone shown in weekly chart.
• If the basing formation continues another bounce is possible. Gold bears need a weekly close below this zone for bigger breakdowns to follow.

S&P 500 Futures chart update

 

• Hourly chart continues its trending move above the Ichimoku cloud.
• Price is staying above 50 Day SMA.
• Hope for bears in the Resistance levels shown in first chart. Weakness here may lead to a correction. But first Hour chart needs to break below the cloud for a possible bearish trade to happen.

Bank Nifty Chart analysis

 

• Weekly and Daily are testing resistance lines. But no alarms for Bulls yet as price is not showing weakness.
• Positional support for BN is around 16220 - 16260 region and the GAP as shown in second chart.
• Daily MACD is showing negative divergence. But both MACD and Price yet to show sell signals.
• CRUDE OIL MONTHLY Chart analysis
• SILVER TREND UPDATE

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CRUDE Oil trend update

 

• The Month time frame is shown with Fibonacci levels. It shows a broad range between 38.2% and Golden ratio. So this is roughly between 74 - 77 to 103 - 112. Price right now is testing the bottom of this range.
• Second chart is the weekly time frame with possible support levels.
• Ichimoku cloud of Daily Time Frame will act as shield for Crude oil bears.
• 4 Hour time frame shows a bearish Descending triangle pattern. Mostly acts as a trend continuation pattern. 
• Crude oil bulls must hope for a Basing formation around 74 - 77 for a possible up move to happen.
• EURUSD Trend Update
• SILVER TREND UPDATE

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S&P 500 Futures chart analysis

 

 

• ES Higher time frames are showing price at a crucial support resistance zone.
• Hourly charts are showing a nice trending move favoring bulls, That may end if the daily TF Fails to make a bullish close above 50 Day SMA. First chart also shows price testing a crucial support resistance zone.
• For the very short term price must stay above the Hourly cloud for bulls to extend this up move.
• EURUSD Trend Update

SILVER Trend update

• Silver Month week and Day time frames shows strong down trend.
• Daily time frame will continue to favor bears as it stays below 50 and 200 Day SMA.
• GOLD WEEKLY SUPPORT ZONE

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EURUSD Trend update

• First chart shows the Monthly time frame which is near a support band between 1.20 - 1.25.
• Weekly chart shows a Bearish flag breakdown with possible target of 1.20 levels. Weekly close below 1.20 will further extend the down trend.
• Daily chart too shows the Ichimoku cloud as strong resistance. Any possible bounce only on price staying above the cloud.

GOLD Weekly support zone and Trend update

• Gold Weekly chart shows price trying to find support near the 1180 levels. 
• Daily chart is yet to clear 50 Day SMA. Unable to move above this level and 200 SMA may lead to further falls.
• 4 Hour and One hour charts are trying to stay above the cloud. Price staying above 4 Hour cloud will give hope for Gold bulls.