My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 10, 2014
GOLD Chart update
- Gold 4 hour chart shows price trying to move up is finding 38.2% Fib level as resistance. A stiffer resistance for Gold will be the previous support zone of the triangle around 1280 levels. For a bigger reversal price must reenter the pattern which is going to be tough for Gold bulls to achieve.
- SILVER CHART ANALYSIS
APPLE Analysis after stock split
- Apple weekly chart shows price above the crucial 92 level. Bulls must sustain above this level and 78.6% Fib level for a bigger up move possibly towards 100 levels to happen.
- Daily chart shows rising support line at 5 Day Low EMA. Daily close below this level will be negative for Apple bulls.
- SILVER CHART ANALYSIS
RELIANCE Industries Chart analysis
- Reliance continues to move sideways in a range.
- Crucial support in day is 20 Day SMA.
- Weekly support is at 5 Week LOW EMA. Staying above these levels the up move is likely to continue.
Subscribe to:
Posts (Atom)