GOLD Trend update

• Gold 4 hour chart shows price breaking support levels.
• Price continues to move down in a channel.
• Daily and weekly close below 1250 - 1262 zone may extend the fall in Gold.

INTEL Weekly Triangle and Resistance levels

• INTEL Weekly chart shows a triangle breakout. Today's close outside the pattern will confirm the breakout.
• Immediate resistance levels are the Golden ratio at 25.43 and swing high at 25.98. On a bullish close for the week these two levels are likely to be tested soon.
• BANK Of America Chart update

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TATA Consultancy Services chart analysis

• TCS Has closed below 50 Day SMA. Price is also trading below 23.6% fib level. So if the stock sustains below 50 SMA it could fall towards 38.2% Fib level at 1923.
• Weekly bearish cross also makes the stock weak and may give bigger falls in the short term.
• This bearish view will be negated if price starts to trade above 50 Day SMA.

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