January 23, 2015

GOLD Chart update

  • Gold Hour chart shows price with shaded support zone. Price falling below this zone may give bigger correction.
  • Weekly resistance levels are yet to taken out by bulls. Gold bulls need a weekly close above these levels.

SBI Chart update

  • SBI Testing recent swing high.
  • Daily macd shows bullish signal. Price closing above the swing high may extend this up move.
  • Weekly though is showing negative divergence which is negative in the Medium term.