March 20, 2014

GOLD Engulfing Pattern

  • Weekly chart looks really bad for Gold Bulls so far. Price is making a Bearish engulfing pattern. Two more day's for Gold bulls to avoid a bearish pattern on closing basis.
  • Bearishness is happening at the weekly cloud.
  • Crucial support zone is at the 200 and 50 Day SMA.

EURUSD Daily Chart analysis

  • EURUSD Daily time frame seen here testing crucial support zone. Bigger weakness for the pair if this level is not held on closing basis.