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Extremely narrow range for last few days so no change in levels or trend. 1.1500 is very important for deciding the next trend. Present trend is down but the moment it closes above 1.1500 a short term bottom and a reversal in the trend will be indicated.
Major trend remains down and sell on rallies is the strategy for positional traders till it closes above 1.1860 convincingly. The levels given below are only for positional trading and are very important on closing basis.
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MAJOR SUPPORT LEVELS ON CLOSING BASIS ARE:: 1.1200/1.1120/1.1075
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1.1500/1.1625/1.1780/1.1800/1.1860 / 1.2000
Huge volatility is being witnessed in Dow for the last few days but important Gann support and resistance levels are still not broken .24000 to 24200 is strong support zone.Bulls should worry only if there is any close below 23950 which will open lower targets till 23000-23300 support zone. Any close above 26300 will signal the start of a new bull market. Keep buy on dips strategy.Follow the levels given below to 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:: 24250-23950-23530-23300-23000
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 26000-26300-26550-27000-27300
As indicated that once 11000 support is broken , big weakness will be indicated , exactly the same happened it collapsed more than 200 points immediately. No change in Both major and minor trends. They both are down and it will remain so till it closes above 11700. 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 10700-10330-10170
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE ::11100-11350- 11700-11900-12150-12360
Sell on rallies was the strategy and Gann resistance was near 55. Now look at the chart. It corrected exactly from near to the level.Both major and minor trends remain down.
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:: 49-47-45.5-43.6-42
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 55.5-58.6-60.5-63.2- 66.3-68-70
After spending many days in a broad range Gold was able to close above 1245. Now next important level to watch are 1266. Any close above 1266 will indicate big strength.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:: 1236-1225-1215-1195- 1180-1153-1120-1045
MAJOR RESISTANCE LEVELS ON CLOSING BASIS ARE :: 1266-1280-1298-1310
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