GOLD chart analysis

• Gold testing the resistance line and crucial fibonacci level.
• Price sustaining above daily cloud will favor gold bulls.
• For a bigger up move price has to sustain above crucial moving averages.
• Unable to break above the resistance line may result in a sell off.

ES Chart Analysis

• ES Four hour chart shows resistance at 200 period SMA and 50% Fibonacci level. These levels has to be broken for a bigger up move to happen.
• Getting resisted here will result in a correction towards 1300 area.
• S&P 500 ANALYSIS AFTER CLOSING BELL

Microsoft Chart Analysis

• MSFT Trying to form a base near 200 Day SMA. 
• Weekly chart shows previous resistance level giving support.
• Price is inside a falling wedge pattern.
• Crucial support are 28.81 and 200 SMA. For bulls price has to breakout above the falling resistance line and 29.81 level.
• S&P 500 ANALYSIS AFTER CLOSING BELL

NIFTY Chart Analysis

• Nifty is getting resisted at the daily cloud. Bulls need to move into the cloud for the current up move to continue.
• Moving above 5144 will favor bulls.
• A negative weekly candle below the resistance line and 50 Week SMA as shown in last chart will favor bears.

S&P 500 Analysis after closing bell

• Weekly chart shows a Successful breakout above 1335 could target the middle bollinger band.
• Daily chart shows potential resistance at 50 Day SMA on an up move.
• Hour chart shows price closing near the neck line of an Inverted Head and shoulders pattern. A clear breakout could either target 50 Day SMA or 20 Week SMA.