My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 16, 2013
Gold resistance levels for the bounce
- Gold 30 Minutes chart shows Fib levels which may act as resistance.
- Hour chart shows 50 Hour SMA and Ichimoku cloud which may act as resistance for this bounce
- GOLD RANGE BREAKDOWN TARGET
IWM Chart analysis
- IWM Daily has broken below 50 Day SMA.
- Price is testing 20 Week SMA or middle Bollinger band.
- Last chart also shows price testing the previous resistance line of a channel. Falling back into the channel on closing basis should give bigger correction for IWM Bears.
- S&P 500 ANALYSIS AFTER CLOSING BELL
ES Chart analysis
- ES 4 Hour chart shows price trying to find support at 200 period SMA.
- Price is also sustaining above the crucial support zone of 1530 - 1535.
- Last chart shows the immediate resistance levels for the bounce in one hour time frame.
- S&P 500 ANALYSIS AFTER CLOSING BELL
NIFTY Chart analysis
- First two charts shows immediate resistance levels for Nifty.
- Further breakdown or continuation of the current trend on closing below 5477 as shown in last chart.
- GOLD RANGE BREAKDOWN TARGET
S&P 500 Analysis after closing bell
- SPX Has fallen to the bearish part of the channel. Price yet to breakdown from the bullish structure.
- Price breaking below the level shown in second chart may add further strength for bears of SPX.
- Last chart shows weekly chart with up trend line and MACD bearish cross which will be confirmed on weekly closing basis.
- GOLD RANGE BREAKDOWN TARGET
EURUSD Chart analysis
- EURUSD Trying to stay above 50 Day SMA.
- Resistance in daily chart at 38.2% Fib level. For bigger up moves this level has to be broken.
- Immediate support levels shown in four hour time frame.
- GOLD RANGE BREAKDOWN TARGET
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