- Gold one hour chart shows range breakdown.
- Weekly charts are approaching crucial support levels.
- Weekly cloud and Golden ratio at 1171 are crucial support levels.
- GOLD Weekend update
November 23, 2016
- ES one hour chart shows price testing 50 Hour SMA. Rising 100 Hour SMA is the crucial support line for this time frame.
- Hour will stay strong for bulls till price stay above the rising trend lines.
- Crucial numbers for this time frame is 2191 and 2185
- Crucial support for the Bullish trend in weekly chart are shown in chart 1 and 2. Price near 50% Retrace level. Golden ratio at 7640 and the Weekly cloud combined is a big support zone for bulls to hold above.
- Nifty looks like its trying to form a range below 200 SMA. This could wait for 50 Day SMA to move towards the price and then further breakdown can happen. Or since price has moved far away from 50 SMA a bounce towards 50 SMA is also possible. In any case for bears to extend current gains they have to move away from 200 SMA.
- CRUDE OIL CHART UPDATE
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