- Gold Daily time frame shows price pausing at 20 Day SMA.
- 4 Hour time frame also shows price pausing at 38.2% Fib level and cloud.
- Gold bulls need to close above these levels to target 1280 zone. Weakness here may resume the down move.
- ES 4 hour chart with support levels
- Weakness if price starts to trade below the up trend line.
- EURUSD trading near crucial support levels in weekly time frame.
- Crude oil daily chart shows price testing the resistance zone. Daily chart looks like a Bullish ascending triangle, But the chances of a Triple to cannot be ruled out as well.
- Weakness can be confirmed if price falls back below the four hour cloud again.
- BN is showing negative divergence But corrections thus far are shallow and limited to 20 Day SMA. So a bigger fall only if 20 day SMA is broken on closing basis.
- If 20 SMA is broken then price is likely to move sideways in a range as shown in first chart.