- Last chart shows price in a broad range between 1300 - 1377 level. Within this range price is moving in a bearish channel. Immediate resistance at 50 Hour SMA. Sustaining above this line may result in a bounce.
September 14, 2016
GOLD Channel and Range
ES chart analysis
- Weekly chart shows price trying to hold on to previous resistance zone. For a bigger fall bears must break and stay below this level.
- Daily chart also shows 38.2% and previous resistance acting as support for now.
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