Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Gold and Hangseng under Ichimoku Resistance

19 sec read

Weekly Chart of Dollar Denominated Gold Future Charts and Hangseng Index Weekly Charts are shown. As of now both trades weaker and under the Ichimoku cloud resistance with gold long term resistance near 1100 levels and Hangseng Resistance near 22,00(approx). Have a deep look into the chart

Gold Futures Weekly Ichimoku Chart

[wp_ad_camp_5]

 
Hangseng Weekly Ichimoku Chart

Still both have a strong potential to turn towards a long term Down trend. Until it trades below the Ichimoku cloud resistance the probability of downside potential is very high

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

What is Retail Digital Rupee?

The retail digital rupee will be introduced on December 1 as part of a pilot programme, the Reserve Bank of India (RBI) stated in...
Rajandran R
1 min read

TradersKart – One Stop Shop for Traders

TradersKart offers One-Stop E-commerce Solution for all the traders, where traders will get access to their trading needs. Traderskart provides the necessary tools required...
Rajandran R
56 sec read

[Free Course] Mini Certification on Options Trading in Indian…

It is a long-pending request from the Marketcalls Readers This Mini-Course on Options Trading in Indian Markets gets you the basic building blocks about...
Rajandran R
1 min read

One Reply to “Gold and Hangseng under Ichimoku Resistance”

  1. Dear Sir,

    i read at no of places in technical reports that daily trend of a stock has turned up or down. weekly trend is in down trend since last x weeks. how it is decided that trend has changed from down to up or from up to down?

    it is decided by looking at higher low and higher high pattern or by crossing a particular mov avg or by pivot calculator?

    will u please explain?

    Bhavesh Shah

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More