March 16, 2017

Gold Chart analysis

  • Three charts all showing Gold testing crucial resistance zone. Gold bulls must close price above these levels to keep the current upward momentum intact. Weakness here may favour gold bears for a correction.

ES Analysis after closing bell

  • ES Bulls managed to close above the triangle.
  • 2nd chart shows possibility of a bigger up move if crosses 2400.
  • Bulls need to stay above 2376 to keep the upward momentum intact.