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 Resuming its down Trend Again?

44 sec read

MCX Gold Hourly
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Charts shown here is the intratrend positional Strategy for MCX-Gold Hourly Charts. Strategy is currently in sell mode with Stoploss coming around Rs27270. Reverse your position to longs if MCX Gold manage to break above 27270 and stay above the resistance line on hourly basis.

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8th May After Market Hour Update
MCX Gold Hourly

9th May After Market Hour Update
Charts shown here is the intratrend positional Strategy for MCX-Gold Hourly Charts. Strategy is currently in sell mode with Stoploss coming around Rs27225. Reverse your position to longs if MCX Gold manage to break above 27270 and stay above the resistance line on hourly basis.
MCX Gold Hourly

15th May After Market Hour Update
Charts shown here is the intratrend positional Strategy for MCX-Gold Hourly Charts. Strategy is currently in sell mode with Stoploss coming around Rs27130. Reverse your position to longs if MCX Gold manage to break above 27130 and stay above the resistance line on hourly basis.
MCX Gold Hourly

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)

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5 Replies to “MCX Gold Resuming its down Trend Again?”

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