GOLD Testing crucial support resistance zone

• 4 Hour chart shows price testing crucial support resistance zone.
• 1300 being a round number has its importance as well.
• Gold bulls trying to hold on to this level to avoid bigger correction.

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ES Chart update

• ES 4 Hour pausing above the recent support zone at 2164. This level must go to extend the current weakness.
• Daily chart shows a rising support resistance zone. This line must break for a bigger fall to happen.

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TESLA Chart analysis

• Tesla has fallen below 200 SMA. 
• Weekly chart also looking bearish. Next support levels are at 203 and 187.
• Sustaining below 200 SMA price is likely to test 203 levels.

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GOLD Chart update

• Gold 4 hour chart shows price near crucial support zone (1310).
• Price continues to move down staying within the bearish channel.
• for a reversal from here price need to break above the bearish channel.

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Nifty Trend, the Diamond and Month Chart Analysis

• Nifty daily time frame shows price making another Higher Highs. Trend continues to remain strong. Unless bears get a Lower low chances of a sustained fall will not start.
• The Diamond pattern. When price enters from below the pattern it mostly exits on the opposite side. Not a strict rule but most of the time it results in such moves. This pattern though managed to trap many traders on the down side before the larger trend resumed. 
• Month chart shows the 6th Bullish candle being formed. The momentum in this time frame likely to take price towards the resistance zone shown 
• NIFTY INTRADAY UPDATE

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CRUDE oil chart update

• Crude oil 4 hour chart shows price staying below a descending triangle pattern.
• other charts possible support level for crude above 45 levels. For a bigger trending fall price must fall below the 45 Levels discussed in chart 2 and 3.

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