GOLD Support levels

 

• First chart shows gold below a supporting trend line But price is closer to crucial support levels.
• First Support is the Swing low in daily chart at 1672. 
• 50% Fib level and 200 Day SMA may is a support confluence which may act as strong support for gold.

EURUSD Resistance levels

 

 

• EURUSD Daily chart shows resistance zone between 1.3140  -  1.3168. EURUSD Bulls need a daily close above this zone for a possible up move.
• Weekly chart shows 38.2% Fib level stopping a bigger up move till now.
• Last chart shows price violating the falling resistance line from 1.49 levels. Weekly close above 38.2% Fib level should result in a bigger up move.

APPLE Support and Resistance levels

 

• Crucial resistance levels in daily chart are 50 and 200 Day SMA.
• Daily charts indicators are at overbought zone which will be effective if price starts to trade below 20 Day SMA.
• Weekly candle is testing 50 Week SMA. A weekly close below 50 Week SMA Should resume the fall.
• DOW JONES ANALYSIS AFTER CLOSE

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BANK NIFTY Target and resistance line

 

 

• Bank Nifty Daily chart shows the range breakout target which comes to about 12365. 
• Bank nifty already testing a resistance line which was discussed few weeks back
• For bulls price should sustain above the resistance line and 80% Fib level for a bigger up move to happen.
• BANK NIFTY LIVE CHART WITH AUTO REFRESH
• DOW JONES EOD ANALYSIS

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DOW JONES Analysis after closing bell

 

• Dow Jones unable to move above previous support zone will favor bears. Bulls of Dow need a close above 12977 - 13038 zone and above 200 Day SMA for things to turnaround.
• 50 Day SMA falling towards 200 SMA is also negative for bulls.
• Possible breakdown again if price breaks below 20 Day SMA.
• COPPER TRIANGLE PATTERN

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COPPER Triangle pattern

• Copper weekly chart shows price moving towards the resistance line of the triangle pattern.
• Daily chart shows price testing the daily cloud and resistance line. For bulls Price should breakout above the resistance line and cloud for a move towards the weekly resistance line.
• Price is expected to stay inside this weekly price contraction for one or two months before it breaks out of this big triangle pattern.
• SILVER TRIANGLE PATTERN

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