ES Ranges update

• ES is ranging in most of the time frames.
• Hourly range must resolve for the next bigger move to happen.

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EURUSD Chart update

• EURUSD Weakness continues at 50 Day SMA.
• 4 Hour chart shows bearish price action.
• One hour chart is trending down below the cloud.

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Apple chart update

• Apple testing 50 day SMA. Weakness only if price starts to trade below 50 Day SMA.
• 2nd chart shows price moving sideways in daily time frame
• Weekly chart shows the primary trend is still in force. This will weaken only if stock moves below 121 levels.

GOLD Technical Analysis

 

• Gold 4 Hour chart at the apex of triangle pattern. Price is testing the rising support line.
• Daily chart continues to show weakness from 200 SMA and 50% Fib level.
• 1180 levels are crucial. Closing below this level will further weaken gold bulls. Bulls need a close above 200 SMA to extend the bounce in daily chart.