GOLD Chart analysis

 

• Long term trend of Gold getting tested as price falls into the Monthly cloud.
• Price is also nearing Golden ratio in Monthly chart for the rise from 680 to 1920. Golden ratio is at 1153  levels.
• Hour chart continues to trend down below the cloud. For a possible pullback price must trade above the hourly cloud.
• EURUSD TREND UPDATE

-->

EURUSD Trend update

 

• EURUSD Daily chart testing Ichimoku cloud and 100 Day SMA.
• Strength in hourly chart on trading above Hourly cloud.

CRUDE OIL Back to Resistance zone

• Crude oil daily chart shows price near resistance zone of 97 - 99.
• Weekly chart shows price near golden ratio.

ES Chart analysis

 

• ES nearing multiple resistance levels.
• Price must sustain above Golden ratio and 100 period SMA for this up move to continue.

S&P 500 Analysis after closing bell

• SPX is moving back to broken levels like 50 day sma  which may act as resistance.
• Strength only if price trades above 50 Day SMA and daily cloud.
• APPLE SUPPORT LEVELS

-->

BANK Of America resistance levels

• Bank of america nearing its 50 Day SMA.
• Price also near the broken support level of the descending triangle pattern which may act as resistance.
• 4 Hour cloud too may act as resistance. Price sustaining below the cloud will give selling opportunities. Strength or the resumption of up move only on price sustaining above the cloud.
• APPLE SUPPORT LEVELS

-->