GOLD Chart analysis

 

• Gold one hour chart shows support at 38.2% Fib level
• Immediate resistance at 50 Hour SMA.
• 30 Minutes chart shows a bullish falling wedge pattern.

ES Support and Resistance levels

• 50 Hour SMA is the immediate resistance level shown in One hour time frame. Closing above this level may give a decent bounce for ES Bulls.
• Crucial supports are shown in daily charts. 50% Fib level and Cloud Base is getting tested. Daily close below these levels may extend gains for ES Bears. Taking support at these levels should result in a bounce.
• GOLD Support and Resistance levels
• SILVER Chart update

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SILVER Chart update

 

• Silver testing 200 Day SMA.
• Silver bulls need a daily close above 200 SMA to extend gains. Closing above 200 SMA may also give a weekly close above 38.2% Fib level which should take this up move towards the Broken support line of the Weekly Descending triangle.
• Price unable to close above 200 Day SMA may lead to a fall.
• GOLD Support and Resistance levels

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GOLD Support and Resistance levels

• GOLD One hour chart shows price making new high's above the rising support line.
• But Monthly charts are fast approaching crucial resistance levels which has to be crossed for extending this up move.
• Between 1435 and 1450 Price has to cross 50 Months SMA and 38.2% Fib level which were broken during the previous down move. So this zone may act as resistance. Daily close above this zone will make gold bulls stronger.
• CRUDE Oil testing the breakout

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ES Trend update

• One hour chart shows price testing yesterday's lows.
• 30 Minutes chart shows price trending below 50 Period SMA.
• 15 Minutes time frame shows price below the cloud. Sustaining below the cloud will extend the fall. 

CRUDE Oil testing the breakout

 

• Crude oil daily chart shows price testing the range breakout.
• Sustaining above 109 levels this up move will continued. Weakness on price falling back into the range. 
• Below 109 price may dip towards the Triangle resistance line as shown in second chart.
• S&P 500 Analysis after closing bell

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S&P 500 Analysis after closing bell

 

 

• First chart shows the recent Dips below 100 Day and the up move which followed. So bears need follow up to strengthen this move.
• Daily chart shows price nearing Golden ratio which may act as a pause or a support level for bulls.
• Weekly chart shows a rising support line which should also be taken out by bears to extend the down move.
• APPLE Support and Resistance levels

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