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DOW JONES INDUST:
Keep buy on dips strategy till Dow closes below 25950.Any close below 25950 will indicate further corrections. 26700 was a Gann resistance level and Dow corrected exactly from this level. Next major Gann resistance zone is 26950-27000. Any close above 27000 will indicate big strength in uptrend.Follow the levels given below to create your own trading plan. These levels are very important on closing basis.
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MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: - 25940-25830-25620-25350-25200-24700-24400
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: - 26700-26950-27000-27350-28020
Expect some more corrections. Major weakness will be indicated only once it closes below 58. Upward journey will face resistance in the zone of 65-66.3.
Follow the levels given below and create your own trading plan. These levels are very important on closing basis.
Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL can subscribe for it. To subscribe visit the following page https://www.artoftrading.co.in/newsletters
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 60-58-54.5
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 65- 66.3-68-70
Gold is still holding the crucial Gann support level 1270 on closing basis. So buy on dips strategy is working nicely till now. But any close below this level will make the trend sideways from bullish. Follow the Gann levels given below and create your own trading plan.
Those who are interested in complete News letter and detailed weekly trading plan with precise Buy/Sell entry levels & minimum SL can subscribe for it. To subscribe visit the following page https://www.artoftrading.co.in/newsletters
MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 1270-1265-1255-1236-1220
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1291-1320-1335-1355-1366-1380-1400
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