Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Gold Medium Term Outlook – Trading Sentiment turns Bullish

November 15, 2017 23 sec read

Gold Weekly Sentiment

Since last two years Gold is currently trading in a very broader range 200 point range (1150-1350 on weekly timeframe). Trading sentiment for this week turned to positive which indicates bullish medium term bias. On the Daily Scale Gold is trading in a very tight range between 1265-1285 range and sentiment turned positive on the daily scale as well.

Gold holding above 1265 on daily basis is the key for the current trading sentiment to continue in both short term and medium term. Short term resistance
around 1300-1310 levels. Breaking the resistance level could test fresh 52 week high.

Gold Daily Sentiment