My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 15, 2012
GOLD Support Zone
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKFB0gtTT2MNQNKneO_v4qI0rPxSjs_GKEfUhmYA1qtA2gwuH9UtCI4g0ieth7jTCYQy4DKJJ1m8g8w6CWYgwbqvJv8N3KDruBhM1_eAxKmOZF-Qv9nlChFrwXIKL1C5bw3RlxK-bgV7s/s640/gold+inverted+hammer.gif)
- Gold 4 Hour chart shows a possible support zone which has to be broken by bears for reversing the trend and changing the bullish structure completely.
- Price also near 50 Day SMA and 10 Week SMA.
- Weekly chart is falling after a bearish inverted hammer pattern at the top. More falls if the levels mentioned above fails to hold.
- SILVER CHART ANALYSIS
S&P 500 Futures update
- First chart is the bigger time frame which shows price trying to take support at the daily trend line.
- Next two charts are hourly time frame which shows price testing immediate resistance lines. If the attempts at the lower time frames are successful we may see a bigger up move in daily chart.
- SPY WEEKEND UPDATE
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