GOLD:

Primary View:

  1. The resistances are seen near 1950 and then 1970
  2. The support is seen near 1912
  3. The current price seems to be a good entry point for potential buyers.
  4. A pullback is entry also possible with stoploss below 1910
  5. Target could be 1950.

Alternative View:

  1. If the price fall below 1910, we may see further downside.

EURUSD

Primary View:

  1. The immediate resistance is seen near 1.18700
  2. The immediate support is seen near 1.17650
  3. Current price seems good for potential buyers.
  4. Entry on pullback is also possible by keeping the stoploss below 1.17650
  5. Target could be 1.18700

Alternative View:

  1. If the price moves below 1.17650, we may see further downside.

GBPUSD

Primary View:

  1. The resistances are seen near 1.30600 and then 1.31400
  2. The immediate support is seen near 1.30000
  3. Entry at current price or on pullback seems good for potential buyers.
  4. Stoploss has to below 1.30000
  5. The target could be 1.31400

Alternative View:

  1. If the price move below 1.30000, we may see further downside.

CHFJPY

Primary View

  1. The immediate resistance is seen near 116.500
  2. The immediate support is seen near 115.750
  3. Entry at current price or on pullback seems good for potential buyers.
  4. Stoploss has to below 115.700
  5. The target is near 116.500

Alternative View:

  1. If the price fall below 115.700, we may see further downside.

DOW

Primary View

  1. The immediate resistance is seen near 29160
  2. The immediate support is seen near 28300
  3. Entry at current price or on pullback seems good for potential buyers.
  4. Stoploss has to below 28300
  5. The target is near 29150

Alternative View:

  1. If the price fall below 28300, we may see further downside.
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About Author

Mithun Girishan

Mithun Girishan is the founder of MMM (Mithun’s Money Market), a consulting firm providing quality training programs in capital markets. He is an investor, trader, coach and a continuous learner. In addition, Mithun provides consultation and mentorship to many retail investors and company directors across the globe for investments, trading and hedging their wealth in stocks and futures. His passion lies in exploring new avenues in financial markets as well as learning theoretical and practical economics and its application in daily lives. This has exposed him to a wide range of markets spanning from equity, commodity, forex, futures to options.

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