My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 24, 2016
GOLD 4 Hour chart update
- GOLD is violating the support zone of the descending triangle pattern.
- Staying below 1335 will favour gold bears for next targets like 1325 and 1310 levels.
CRUDE Oil Chart analysis
- Crude oil falling towards its 200 Hour SMA.
- Bigger weakness if price starts to stay below 46.60 levels.
- One hour chart shows price continues to stay below the cloud. Crude bulls need to move above hourly cloud to arrest this correction.
S&P 500 Futures another Failed breakout attempt
- First chart shows another failed bullish attempt and price falling back into the range.
- 4 Hour time frame shows price in a 25 point range. 2165 and 2190 are the extreme ends of the range, Unless the extremes gets violated on closing basis price likely to remain in this range.
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