Today there is a major trend change on the Gold Weekly Chart which had turned to buy mode on the Weekly Ichimoku Charts. 10 Years of Gold Historical Charts are shown for your reference. Interestingly Gold Haven’t yet tested 200 Week Simple Moving Average on the Weekly Charts. Weekly Supports are coming around 1730-1738 zone. Breakdown below this zone could warn trend reversal.
Rajandran R Follow 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 Historical Weekly Charts turns to Buy Mode
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