Weekly Technical outlook: DJ-30, NQ-100, SPX-500 and Gold

 

Looking ahead, whatever may be the narrative, technically Dow Future (CMP: 46300) now has to sustain over 46600* for a further rally to 47100/47200 in the coming days; otherwise sustaining below 46500-46300 may fall to 45800/45500-45300/44900 and further to 44200/43900-43400/42400 and 41700/41200-40700/39900 in the coming days.

Similarly, NQ-100 Future (24200) now has to sustain over 24400-500 for a further rally to 24700*/25000 in the coming days; otherwise, sustaining below 24300/250, may fall to 24150-24000/23900-23750/22900 and 22400/22200-21900/20900-20700/20200 and 19890/18300-17400/16400in the coming days.



Looking ahead, whatever may be the fundamental narrative, technically SPX-500 (CMP: 6600) now has to sustain over 6700 for a further rally to 6800/7000-7500/8300 in the coming days; otherwise, sustaining below 6575/6550-6525/6500, may fall to 6450-6375/6300-6250/6200 and further fall to 6000/5800-5600/5300 in the coming days.



Technically Gold (CMP: 3675) has to sustain over 3685-3705 for a further rally to 3730/3755*, and even 3775/3805-3825/3855 and 3900/3950-4000/4070 and 4265 in the coming days; otherwise sustaining below 3675'3650 3645 Gold may again fall to 3625/3595-3575/3545-3520/3500 and 3475/3435-3415/3380 and further 3350/3335-3305/3275-3225/3200 and 3175-3115 in the coming days.



Disclaimer:  I am an NSE-certified Level-2 market professional (Financial Analyst- Fundamental + Technical) and not a SEBI/SEC-registered investment advisor. The article is purely educational and not a proxy for any trading/investment signal/advice.  I am a professional analyst, signal provider, and content writer with over ten years of experience. All views expressed in the blog are strictly personal and may not align with any organization with, I may be associated.

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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him for professional levels trading ideas or signals through Gmail/telegram ID: ashishghoshjpg/asisjpg

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