GOLD Trend analysis

• Gold hour trend continues to be down.
• 4 Hour and Daily chart is testing crucial support zone. Breaking below this level may lead to a bigger fall in gold.
• Gold bulls must get back above 100 Day SMA soon to avoid a bigger correction.

ES Chart analysis

• ES has broken above the resistance zone discussed yesterday. For now price is likely to retest the previous resistance zone if 50 Hour SMA is not held.
• First two charts shows immediate support levels If not held price may slip towards previous resistance zone.

BANK NIFTY Chart update

• Bank nifty weekly chart shows price pausing near previous swing high. Daily chart too shows A Doji formation near range High.
• Weakness in daily chart only when price starts to trade below 20 Day SMA. Possible weakness near upper bollinger band.

NETFLIX Analysis after closing bell

• Netflix Day and Weekly time frames facing multiple resistance levels.
• Bulls need a weekly close above 20 Week SMA to confirm a larger up move.
• Weakness on closing below 364 and 350 levels.

CRUDE Oil chart analysis

• Crude oil testing crucial support levels in multiple time frames.

ES Chart analysis

• ES one and 4 hour charts shows price near recent swing high which may act as resistance.
• 50 Hour SMA and 30 Minutes cloud are crucial support levels. Closing below these levels may lead to a bigger fall.

AMAZON Trend Analysis

• Amazon weekly chart shows price at the rising support line.
• Weekly stochastic looks oversold. But price yet to confirm a reversal candle.
• Hour chart continues to favor bears as it trades below the cloud. for bulls of amazon price need to stay above the hourly cloud.

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