July 6, 2016

GOLD Chart update

  • Gold week chart shows price moving up from broadening pattern.
  • Price moving towards a possible resistance line in Month time frame. Month candle should hit the resistance line around 1400 levels. Bigger move for gold only if price is able to stay above this line.
  • CRUDE Oil Testing support zone

CRUDE oil Testing support zone

  • 15 Minutes continues to trend below the cloud. 
  • 4 Hour chart shows price at crucial support zone. Breaking this may lead to bigger correction in crude oil.