September 9, 2015

Silver cloud update

  • Both weekly and daily clouds acting as resistance. For a minor relief for silver bulls price need to move above the daily cloud. 

GOLD Chart update

  • Gold weekly up move got resisted at the falling resistance line.
  • Price action suggests a likely test of the recent lows again.

Tata Motors Trend update

  • Tata Motors Month chart shows 6 bearish candles in a row and the 7th one is not yet showing any confidence for bulls yet.
  • Daily chart shows the perfect trending move.  for a reversal to happen price need to stay above the daily cloud