- Gold Weekly chart trying to form a Bearish engulfing pattern.
- 15 Minutes chart is moving down in a bearish channel.
- One hour is below Ichimoku cloud. Gold bears need price to trend below the cloud for a bigger down move to happen.
- For Gold bears price need to close at the current levels or lower to confirm the bearish engulfing pattern.
- Crude oil 4 hour chart looks like a bullish falling wedge pattern. One hour chart too is in a small triangle pattern.
- ES one hour continues to remain strong above the short term trend line and Hourly cloud. Weakness will be seen only when and if price starts to trade below Hourly cloud.
