- Gold trying to stay above 200 Day SMA.
- Daily chart also shows price testing crucial resistance zone around 1220 levels.
- This area is also the 50% Retrace level so a crucial area for bulls to cross above for extending the bounce.
- Silver Triangle Pattern: CLICK Here
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- ES 4 Hour and One hour chart moves out of the Ascending triangle patterns. 4 Hour also looks like an Inverted Head and shoulders pattern.
- If price sustains above the Neck line, IHNS Should give about 40 points on the upside.
- Bulls need a 4 Hour closing above the resistance zone to confirm strength.
- ES Ascending triangle: CLICK Here
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- CNX IT at a support line and is near Weekly Ichimoku cloud.
- Weekly RSI is fast approaching oversold region.
- If the recent lows around 10600 are held a reversal can be seen. IT bears need price to close into the weekly cloud.
