- Gold testing 78.6% Fib level. Bulls of gold must sustain above 78.6% to target 1420 - 1430 level which is the range High shown in Weekly time frame. The golden cross in daily time frame may also help Gold bulls to move higher.
- APPLE TRIANGLE PATTERN
March 14, 2014
GOLDEN Cross of GOLD
CRUDE Oil pauses at support levels
- Crude Oil bulls trying to protect key support levels in daily time frame.
- For now price looks like its pausing at these levels. Bears need a daily close below 100 SMA for extending this fall. Price may bounce back towards 100 levels before resuming the fall again.
APPLE Analysis after closing bell
- Apple daily chart continues to trade in a triangle pattern. Price is near the apex of the pattern and will result move out of the pattern soon.
- Price has given a bearish engulfing pattern and has closed back below 50 Day SMA Which will favor bulls for a bearish breakdown.
- EURUSD SUPPORT AND RESISTANCE LINES
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