- Gold daily is near crucial support zone.
- 4 Hour chart is acting as resistance. For a bounce to happen price needs to stay above this cloud..
- One hour chart shows a triangle pattern. breakout from this pattern may give bigger direction for gold.
July 14, 2015
Gold chart analysis
Reliance Industries chart analysis
- Reliance bulls struggling to cross the golden ratio.
- Price for now is in a range. Crucial levels are 1012 and 1019 on the up side and 985 and 972 levels. Week close above 1012-1019 level may give 1070 levels.
- Weekly cloud too is crucial for bulls to keep the structure intact. Closing back into the weekly cloud will favour bears for bigger falls.
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