- Nifty daily shows a bearish engulfing pattern But price continues to remain in a range. Only if price trades below the range the bearish engulfing pattern will be effective.
- MACD and price is starting to diverge negatively. This also need price confirmation by breaking below the range.
- Month chart continues to remain strong But price is trading near strong resistance zone near 8654
- GOLD SUPPORT AND RESISTANCE LEVELS
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- 4 Hour triangle has resolved in favour of bears But for them price need to stay below 44.40 levels on closing basis.
- Daily chart too shows price at 100 SMA. Crude bears need a daily close below this line to avoid a reversal from this moving average.
- GOLD SUPPORT AND RESISTANCE LEVELS
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