Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

MCX Gold in Sell Mode on SDA2 Hourly charts

25 sec read


[wp_ad_camp_5]

 
MCX Gold rallied to its record high Rs 23940 per 10 gram , as growing fears about gloomy outlook of US economy and increasing spread of the European debt crisis. On the technical aspects MCX gold is in sell mode on the hourly charts as per SDA2 trend trading method. MCX Gold is in buy mode on the hourly timeframe since 29th July 2011. Also the stocastic indicator had dipped below the overbought zone(> 80) and sloping downwards towards the oversold zone ( < 20 ). News

South Korea’s central bank bought 25 tons of Gold between June and July to diversify its foreign reserves despite high prices, marking its first purchase in more than a decade and taking its total Gold holdings to 39.4 tonnes

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Gold Technical Analysis – Bullish View

Gold is a one trading instrument where fundamentals are outlawed while inflation is skyrocketing and globally Central banks are racing for the interest rate...
Rajandran R
20 sec read

Gold to Hit All-Time High? How Small Investors can…

I know, in this Bitcoin era if someone is talking about Gold they could be either a 70s kid or an 80s kid. Well,...
Rajandran R
1 min read

Silver Momentum Pullback Trade Setup

After a significant momentum in Silver 11.77 to 29.85 silver started correcting in the month of Sep 2020 towards 21.66. Last week silver plunged...
Rajandran R
22 sec read

One Reply to “MCX Gold in Sell Mode on SDA2 Hourly charts”

  1. Even though it was in sell mode …it managed to reached 26780 šŸ™‚ net gain of 11% in approx 11 days šŸ™‚

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More