Possibility of breaking this low of 17785 and (b)reaching 17500 is more likely to clear out weak hands before Budget and expecting a sharp Short covering on Budget day But before that the downside is unpredictable. The yearly pivot is around 17000 which is also possible for next bull run till 19900 to 20000
The performance or price of gold might determine the future price of DJI/Equities. It looks like it is 'on the balanced state and Can stay there for some time. Meaning, the ratio can be the same, prices of both Gold and equity can rise/fall at more/ less the equal percentage.
1. If the ratio remains the same, then the rise/ fall in both Gold &...
Expecting one more push on the upside and when position can be taken after a 15 min reversal below 35715. If there is no sharp reversal then no trade.
To get the Fibonacci level indicator try this link