- Gold bears extending gains below 200 Week SMA. Crucial support at 1321 if gets tested price could fall towards 1250 levels as shown in the second chart with Weekly range.
- For gold bulls 1321 should be held to avoid another fall.
- Hourly chart is trending down below the cloud. Possible reversal of the trend will be possible only if price starts to trade above the cloud.
- APPLE WEEKEND UPDATE
Markets Quantified
ReplyDeleteNIFTY 17-May-2013
Current Market Situation :
NIFTY current close : 6187
NIFTY resistance level : 6312
NIFTY support level : 6158
NIFTY sentiment : positive
NIFTY dominant cycle period : 12 days
Levels Tomorrow :
NIFTY intraday resistance 1 : 6213
NIFTY intraday resistance 2 : 6243
NIFTY intraday resistance 3 : 6286
NIFTY intraday support 1 : 6161
NIFTY intraday support 2 : 6132
NIFTY intraday support 3 : 6088
Markets Quantified