Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Dow Jones and MCX Gold Positional Trend Update

30 sec read

Dow Jones

Dow Jones on the hourly charts turned to sell mode on last friday with resistance coming around 15743.Reverse your position to positional buy mode if resistance breaks on the upper side. Visit here for Dowjones Live charts

MCX Gold

 
MCX Gold on the hourly charts turned to sell mode on last Friday with resistance coming around 27749. Reverse your position to positional buy mode if resistance breaks on the upper side

Top Stories

-The Fed’s two-day policy meeting kicks off on Tuesday. The Bank of England and European Central Bank also hold policy meetings this week.
-JPMorgan Chase & Co is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street’s role in the trading of raw materials comes under unprecedented political and regulatory pressure.
-RBI rate decision will be out this Tuesday.

Upcoming Major Economic Events

Economic Events

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

US Market Index S&P500 – Likely to Bounce off…

The more bearishness the people get the more extreme the price will get driven into with more and more crowded short sellers. Such kind...
Rajandran R
1 min read

S&P 500 Formed a Classical Excess on Daily Timeframe

Excess very often indicates the end of one auction and the beginning of another auction. Excess occurs across all the timeframe and currently, SPX...
Rajandran R
24 sec read

Why S&P500 is poised for a 10% correction again?

Last time I wrote about what could possibly go wrong with S&P500 index spotting a fundamentally overvalued reason and Price action on quarterly charts....
Rajandran R
40 sec read

One Reply to “Dow Jones and MCX Gold Positional Trend Update”

Leave a Reply

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