GOLD Bullish price action

• Larger and smaller time frames looking bullish.
• For the short term bulls will remain strong above 1252 levels. Hope for Gold bears only if price starts to close below this level

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CRUDE oil chart update

• Crude oil daily candle looks bullish so far. If the current price action stays a Higher close is possible in this time frame, which could lead to bigger up moves.
• 55.24 level is the next challenge for crude bulls to cross above.

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NIFTY Resistance zone and Rising wedge

• Nifty daily chart is testing the recent swing High'
• 4 Hour chart shows a resistance line which is part of a Rising wedge pattern.
• Rising wedges are mostly bearish. But as we are close to historic High's anything is possible. Weakness only if price falls below 8700 levels.

TESLA Chart update

• TESLA Month nearing resistance zone.
• Previous weekly candle is a potential bearish one with its long upper shadow. But if today's week closes higher then bearishness of the previous candle is negated.
• Levels to watch bears are 274 and 264 levels. For bulls need to stay above 287 and 291 levels to extend the trend.

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ES Chart analysis after closing bell

• ES Daily shown with a possible rising wedge pattern. Price likely to hit the resistance line around 2370 plus levels approximately.
• Rising wedge mostly results in a breakdown in favour of bears.
• One hour cloud continues to offer strong support for bulls.  Weakness in hourly only on closing below the cloud.

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ES chart analysis before opening bell

• ES one hour chart shows price continues to stay above the cloud and 100 Period SMA. Weakness for bulls only if price starts to stay below the hourly cloud.
• For the day mild weakness if only price falls below 2349. More strength if price stays above 2354 levels. 

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GOLD Support levels

• Gold in a range between 1217 and 1246. Right now price is falling from the resistance zone towards the support zone. Weakness will continue as long as price stay below 50 period SMA as shown in chart two.
• GOLD Weekend update

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