GLD Trend Update

• GLD will favor bears if it stays below the hourly cloud and 50 Hour moving average.

GOLD takes support

• GOLD Takes a pause near the 200 Hour moving average for four hour time frame.
• If Gold is to go down further that would mean some serious technical damage for the gold chart.
• If price sustains above 200 Period moving average we may see gold start to move up from here.

PIN BAR Candle of S&P 500

• Today's correction happened after the appearance of PIN BAR formation in four hour chart.
• PIN BAR is a powerful reversal candle.
• It has come at 50 Period moving average for this time frame.
• So if price manage to stay below 50 Period moving average in four hour time frame we may see an extended correction.

SILVER Testing 50 SMA

• SILVER is testing its 50 Day moving average.
• If price gets support here we may see an up move from this levels.
• On the contrary a breakdown will take silver to its trend line shown in daily chart.
• SILVER FAILED BREAKOUT UPDATE
  
• GOLD EXTENDING LOSSES
  

SILVER Broadening pattern update

CHART-I

UPDATED CHART

• Failed broadening pattern breakout has given good gains for bears of silver.
• Price falling below 42.25 gave a good short trade.
• GOLD EXTENDING LOSSES
  

NIFTY Support and Resistance lines

• Nifty hour chart with support and resistance lines.
• Price is slowly moving towards 4796 level.
• For an up move to happen the resistance line shown in hour chart has to be broken by bulls.
• GOLD EXTENDING LOSSES
  

GOLD Extends correction

CHART BEFORE THE RBEAKDOWN

• GOLD Trend line break has given good profits for the bears of gold.
• Now the next support level is between 1715 - 1718.
• Break of this level can take gold to 1682 levels.
• GOLD TESTING ITS TREND LINE (YESTERDAY'S POST)
  

NIFTY Daily Analysis

• So for this week Price closing above the daily resistance line will favor bulls.
• If price closes below 4786 - 4796 that will open the gates for the next fall.
• Price remaining in between these two levels will be neutral.
• GOLD BREAKS ITS TREND LINE
  
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

S&P 500 Analysis after closing bell

• SPX Daily chart is approaching 20 day moving average. Closing above 20 DMA will help bulls to extend this up move.
• 4 Hour charts looking positive for bulls . Last chart shows price closing above 50 Period moving average in four hour time frame. But we have to see if price is able to sustain at this level. If it falls from here then we may see good correction.
• 4 Hour charts also showing 38.2% Fib levels which may act as resistance.
• GOLD TREND LINE BREAK
  
• APPLE WEEKLY CHART WAS PRICING IN A BEARISH NEWS