GOLD chart analysis

 

• Gold daily chart shows price struggling to move and sustain above 200 SMA. Unable to sustain above 200 SMA and the weekly cloud may resume the fall. Last chart shows possibility of extending the current bounce till the falling resistance line.

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ES Chart analysis

• ES moving towards previous support zone which may act as resistance. Having said that a weekly close back above the cloud may renew confidence for bulls. Last chart shows price testing cloud top, If this level does not stop bulls then the major trend may resume.

EURUSD Chart update

• EURUSD Weekly chart shows an ascending triangle pattern But price is fighting against tough resistance levels as shown in Month time frame. Broken support levels of month time frame is acting as resistance.

S&P 500 Futures chart analysis

• ES moving towards possible resistance area. Price moving towards previous range as shown in last chart. Bigger up moves can happen only if price clears this range. weakness near range bottom may resume the fall.

Silver resistance levels

• Confluence of resistance for silver. Weakness here may result in correction again.

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GOLD Resistance levels

• Gold weekly chart shown with possible resistance levels.
• For a bigger bounce to happen price must break and sustain above weekly cloud.

APPLE Bearish pattern

• Apple weekly shows a possible head and shoulders pattern. For bears price need to close below the weekly cloud for bigger falls to happen.
• For now price is in a range as shown in the daily chart between 38.2% and 61.8% Fib levels.