GOLD Chart update

• Gold bulls continues to hold above hourly cloud. 
• Gold Bulls need to close above 200 day SMA for bigger up moves to follow. 

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GOLD Trend update

• Up move in daily chart is running into resistance.
• Bulls must close above 200 Day SMA for bigger up moves to follow. 
• Gold bulls will loose momentum If price falls below one hour cloud. 

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CRUDE Oil Weekend update

• Crude oil daily has a triangle shaped consolidation.
• Rising 50 Day SMA is crucial support line for Crude oil bulls. 
• Weakness in Weekly can only be confirmed once price closes below 54.20 levels.
• GOLD Weekend update

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NIFTY Weekly MACD Reversal set up

• Weekly chart is shown with MACD.
• The reversal Marked with Alphabet A is a straight forward reversal. But This time price action looks like the 1 2 3 Reversal shown on the left hand side. Remember its only similar , It may not be exact. In short we are looking at  a possible Triple negative divergence before a major correction could start.

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Gold Weekend update

• Gold Hour shows bullish price action.
• Hourly cloud is the crucial support for this bullish swing. Close below the cloud will negate this bullish move.
• Weekly bollinger band shows price bouncing from lower BB. If weekly high's are broken price may target the Middle BB.

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ES Charts before opening bell

• Bounce from 200 SMA is helping bulls for now. But Bulls need to get back above hourly cloud to stop a bearish reversal from taking place. Bears need to keep price below hourly cloud to resume correction. Bigger fall only on hour closing below 200 SMA.

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ES Chart Analysis after closing bell

• Hour cloud shows price violating the cloud and falling back to its 200 Hour SMA. More weakness for ES Bulls on price closing below 200 Hour SMA.
• Daily candle too shows weakness for ES Bulls.
• GOLD Hour chart analysis

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