GOLD near long term support line

• Gold weekly chart near long term support line.
• Price has fallen below 50 week sma. Week candle closing below this level will extend this correction.
• Price getting support at the channel support line may give an up move.

S&P 500 Futures Four hour chart analysis

• ES may give a bounce from the support line shown in 3rd chart.
• Price breaking the cloud and 100 Period SMA in four hour time frame is negative But charts look oversold right now and it may result in a bounce towards 23.6% fib level again.
• Price breaking the support line will strengthen bears further and it may target 38.2% fib level.

EURUSD Update

• Up trend line and 50 Day SMA mentioned in an earlier post has not given support for EURUSD.
• Price may now target either the 50% Fib level or 1.3004 level which was the last swing low.

Silver support and resistance levels

• Silver support levels in daily chart are 31.62 and 31.08.
• Price is sustaining below 20 Day SMA which will be the immediate resistance on a pull back. Then the daily Ichimoku cloud will be tough to cross for bulls of silver.

NIFTY Chart analysis

• Nifty bulls failed to close the day above the resistance line. This may lead to a correction, But for bulls there is a cluster of support from 5295 - 5321 (20 Day SMA - 5295, 50 Day SMA - 5318, 5 Day High EMA - 5321) - Breaking and closing below this cluster will weaken the bulls.
• Resistance is at 5 Week High EMA - 5385
• DOW JONES EOD UPDATE

EURUSD Correction

• EURUSD has fallen below 50 Day SMA.
• Up trend line may stop the fall.
• Important support below the up trend line is 1.3004 levels.

Dow Jones analysis after closing bell

• Dow Jones Four hour and daily time frames showing similar setups.
• If the up trend lines are held we should see another breakout in favor of bulls.
• For weakness bears shall try to trade below 13000 levels 

AUDUSD Chart update

• AUDUSD is moving down in a channel
• Daily chart shows price getting resisted at 20 Day SMA.
• Price is testing a possible support  line and 38.2% Fib level. If these levels hold an up move is possible. Breaking these levels will exted the correction