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)

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

[wp_ad_camp_5]

 
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 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)

Short Term Correction in E-Mini Futures – US Market…

E-Mini on the Monday session ended with an uncleared poor high followed by inventory adjustment. The major short-term inventory adjustment happened after the US...
Rajandran R
44 sec read

S&P500 – Over Heated News Driven Markets

Markets are celebrating the US Inflation Numbers. US Inflation Rate is at 7.75%, compared to 8.20% last month and 6.22% last year. And the Expectation...
Rajandran R
37 sec read

Global Markets and 200 Weekly Moving Average – Oct…

In this post we try to understand state of the Global Markets , Current Investing sentiment across the globe and where the global markets...
Rajandran R
47 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