GOLD Support levels

• Gold 4 hour chart and one hour chart shows support at cloud and golden ratio. Previous resistance level is also acting as support. 
• If the cloud is held a bigger up move is possible.

ES Chart update

• ES Testing 200 Hour SMA and resistance line of one hour time frame. Bulls need to close above these levels to extend the bounce.
• 4 Hour chart shows price trying to move back above the cloud again. A bigger up move if bulls are able to close back above the cloud.
• BLACKBERRY ANALYSIS AFTER CLOSING BELL

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BLACKBERRY Analysis after closing bell

• Blackberry daily chart shows price near the Range support zone.
• Price for now is trading below crucial moving averages like 50 and 200 Day SMA. 
• Daily chart shows a Bullish Golden cross which needs price to move back above the moving averages for performing well.
• ES Resistance levels

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ES Resistance levels

• ES One hour chart shows confluence of resistance at falling resistance line and 200 Hour SMA.
• 4 Hour chart too shows resistance at the cloud. Weakness here may give shorting opportunity.

Bank Nifty chart analysis

• Bank nifty daily is in a range of about 450 points. Price is also struggling to cross the recent swing high and 78.6% Fib level. So for bulls need a daily close above these levels for a bigger up move.
• Price closing below 11800 levels may start a correction.

QQQ Negative Divergence and Support levels

• Weekly chart shows negative divergence with RSI. 
• Daily chart is trading near crucial support levels like 50 day SMA and 38.2% Fib level. For the bearish view in weekly chart to work well, price must trade below 50 SMA and 38.2% Fib level.
• GOLDEN CROSS OF GOLD

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GOLDEN Cross of GOLD

 

• Gold testing 78.6% Fib level. Bulls of gold must sustain above 78.6% to target 1420 - 1430 level which is the range High shown in Weekly time frame. The golden cross in daily time frame may also help Gold bulls to move higher.
• APPLE TRIANGLE PATTERN

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