GOLD may hit 1400

CHART-III

• As discussed below GOLD has crossed 1400.
• Sustaining above 1400 this commodity can touch 1420 in the short term.

CHART-II

• Gold has broken 1387 as discussed below and has made an all time high.
• Next target is 1400.

CHART-I

• Gold may hit another all time high soon.
• 1387 in weekly chart will remain as a resistance area. But today's price action seems to be have enough momentum to take out 1387.

EURUSD Triangle being tested

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• EURUSD Four hour chart with the triangle breakout which is being tested now.
• Support levels for this correction is at 1.3890.
• Zone of 1.3770 - 1.38 can also give support for the pair.
• Possibilities of a busted pattern increases if price starts to trade within the triangle pattern which gave an upside breakout.
• US DOLLAR Weekly charts
  

S&P 500 futures before opening bell

• ES 30 minutes in a triangle 
• breakout from this triangle pattern will give good direction
• above 1221 things may favour bulls for a continuation of the larger trend 
• below 1216 will favour bears for a likely test of 1212 area and a bounce from there.
• US DOLLAR Weekly charts
  
  

NIFTY daily chart analysis

• Nifty daily chart with broadening top pattern.
• 6284 is an important area. If nifty closes below this region today that may give a correction. Below 6284 nifty has support at 6235 and 6188.
• Friday's price action also shows a breakout of a range above 6284. So if nifty closes below 6284 that will be negative.
• Price closing above 6284 and if it closes into friday's price action that will favour bulls again.