- Gold violates crucial rising support line in daily chart. 50 and 100 SMA too has been violated. Gold bears need a daily close below these moving averages to fall further. Closing below 38.2% Fib level will further weaken the bulls of Gold.
- SILVER Chart update
-->
- 4 Hour chart of silver has violated crucial support levels. Price is trending down below the Ichimoku cloud.
- Hope for silver bulls is in the 50 Day SMA. A daily close below 50 SMA will further strengthen silver bears.
- APPLE Support levels
-->
- Daily chart violating falling resistance line.
- Price also trying to stay above 50 Day SMA and 38.2% Fib level.
- Last chart shows price nearing the daily Ichimoku cloud which may act as a resistance zone for bulls of BN.
WEEKLY TIME FRAME
- Ford four hour chart shows price testing the recent swing high of 17.66. Bears are hoping for a double top here But the trend in Higher time frames are clearly favoring bulls.
- A Weekly close above 17.66 may target 18.97 levels in the short term.
- APPLE Chart update
-->
- Price managed to close above crucial moving averages.
- First chart shows a potential resistance line.
- Weekly chart shows price moving above 20 Week SMA. A weekly close above 20 Week SMA will extend bullishness.