- Gold bears extending gains below 200 Week SMA. Crucial support at 1321 if gets tested price could fall towards 1250 levels as shown in the second chart with Weekly range.
- For gold bulls 1321 should be held to avoid another fall.
- Hourly chart is trending down below the cloud. Possible reversal of the trend will be possible only if price starts to trade above the cloud.
- APPLE WEEKEND UPDATE
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- Weekly chart of yahoo shows bearish price action.
- Weekly chart with RSI shows big negative divergence. But there is no sell signal yet.
- Daily chart shows crucial support levels which must be broken to confirm bearishness or sell signal in weekly chart.
- APPLE WEEKEND UPDATE
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- Daily chart is shown with possible bullish opportunities But Hour and Weekly charts continues to look bearish.
- Price in hour chart if starts to trade above 50 Hour SMA will tilt the momentum in favor of bulls. If price holds above 418 next week then Bulls may form the right shoulder of an Inverted head and shoulders pattern shown in daily time frame.
- If price breaks 418 on daily closing basis then price may test 400 levels again.
- Ford monthly chart hits the resistance line.
- Price also testing golden ratio in weekly chart.
- Price is yet to show any weakness. A weekly close above Golden ratio will help bulls to extend this up move.
- One hour chart shows price below 50 Hour SMA.
- 30 Minutes cloud and Golden ratio are also resistance levels.
- Hour closing below 78.6% Fib level will extend the fall.
- ES one hour chart with crucial support and resistance lines.
- Second chart shows price continues to break upwards which is likely to continue.
- DLF Resistance levels at 50 Day SMA and 5 Week High EMA.
- Hour chart is showing weakness.
- Unable to cross 5 Week High EMA may give a fall towards the range bottom which is at 227 - 228 area.
