November 27, 2013

GOLD Chart update

  • Gold getting resist at the falling resistance line and near 50 period SMA.
  • 4 Hour cloud too looks strong resistance zone.
  • Price likely to test the recent low at 1227 again.

EURUSD chart update

  • Last chart is the crucial one, It shows the daily time frame with price breakouts above 50 Day SMA. Price after moving around 50 SMA has given good up moves. Daily chart also shows a series of higher lows which is likely to continue.

EBAY Chart analysis

  • First two chart shows possible breakdown in weekly time frame. If its confirmed with a weekly close then the target is about 8 points on the downside from the breakdown area.

ES Support levels

  • ES one hour chart with immediate support levels.