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🏛️ Dow Jones (US30) Index Forecast
Market Recovers Slightly After Weekly Sell-Off – But Is It Sustainable?
By Gold Scalping Signals | Indices Outlook
The US30 (Dow Jones Industrial Average) is attempting a recovery after a brutal week, gaining +0.32% early Monday, trading near 43,760.50 as of 06:07 UTC. While bulls have momentarily stepped in, the index still carries the scars of a -2.99% drop over the past week, driven by rising fears of stagflation and disappointing jobs data from the U.S.
🔍 Market Snapshot
Timeframe Performance
Today +0.32%
1 Week -2.99%
1 Month -1.78%
6 Months -0.59%
YTD +2.55%
1 Year +10.72%
5 Years +65.55%
🔻 Why the Dow Fell Last Week
Stagflation Fears: A combination of rising inflation and weakening jobs data has spooked investors. The July U.S. Jobs Report revealed a soft labor market and a drop in non-farm payrolls, igniting fears of a slowing economy with persistent inflation.
Corporate Pressure: Disappointing earnings, especially from big tech and industrials, weighed on sentiment. Amazon’s 8%+ drop was a major drag.
Policy Uncertainty: While traders are pricing in a potential Fed rate cut in September, the market remains jittery amid conflicting signals from policymakers.
📈 Current Technical Outlook
Price Action: Trading near 43,760, the Dow remains under its monthly and weekly pivot levels.
Support Zone: The next key level to watch is 43,300, followed by 42,850 if weakness continues.
Resistance Zone: Bulls need a sustained move above 44,200 to regain short-term control.
🧭 What Traders Should Watch
Fed Commentary: Any dovish language from Fed officials this week could fuel further upside in equities.
US Factory Orders & Services PMI: Key macro data releases may determine if the bounce holds or fades.
📌 Premium Insight
At Gold Scalping Signals, we’re closely tracking Dow Jones setups for high-conviction entries—especially during market volatility. With uncertainty rising, our premium clients gain access to early signals, precise entry levels, and guided stop-loss zones across indices, commodities, and gold.
🛑 Key Levels for Traders
Short Bias: If the index rejects at 44,200–44,400, short setups may trigger targeting 43,300 and 42,850.
Long Bias: A breakout above 44,400 with strong momentum may target 44,950 or even retest recent highs.
⚠️ Disclaimer:
This is educational market commentary from Gold Scalping Signals and not financial advice. Always consult a licensed financial advisor before trading.
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