- Gold 4 hour chart shows price trying to move up is finding 38.2% Fib level as resistance. A stiffer resistance for Gold will be the previous support zone of the triangle around 1280 levels. For a bigger reversal price must reenter the pattern which is going to be tough for Gold bulls to achieve.
-
SILVER CHART ANALYSIS
-->
- Apple weekly chart shows price above the crucial 92 level. Bulls must sustain above this level and 78.6% Fib level for a bigger up move possibly towards 100 levels to happen.
- Daily chart shows rising support line at 5 Day Low EMA. Daily close below this level will be negative for Apple bulls.
- SILVER CHART ANALYSIS
-->
- Silver is nearing the confluence of resistance in daily time frame. Recent attempts to cross this level has failed.
- Strength on closing above 50 day sma.
- Reliance continues to move sideways in a range.
- Crucial support in day is 20 Day SMA.
- Weekly support is at 5 Week LOW EMA. Staying above these levels the up move is likely to continue.
-->
- EURUSD Four hour chart shows price unable to stay above the coud.
- Daily chart shows price moving down from near 200 Day SMA.
- Second chart shows daily chart trying to close below a crucial support zone.
- Bank of america daily chart has moved above 38.2% Fib level and 50 Day SMA. Daily close above this level will strengthen bulls further.
- Next weekly resistance is seen at 20 Week SMA.
- Crude oil 4 hour chart trying to stay above 4 Hour cloud.
- One hour chart shows possible resistance zone between 103 and 104. Bigger move on crossing this level.
- Daily chart shows the up swing from 50 Day SMA. Bigger weakness only if 50 Day SMA is taken out on closing basis.
