Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Gold Short Term Trend Turning Positive : Technical Analysis

20 sec read

International Gold is in consolidation mode since 16th of July 2018. Currently trading in a very tight band largely trading within a $10 range over the past week, with the price respecting the $1206 and $1216 levels. Broader range compression ranges from 1205 – 1230 levels in the last one month. The compression in the gold is getting so long on the 4 hourly charts which mostly ends up in a larger price action move.

On the 4 hourly charts, responsive Coppock indicator turned positive indicating a possible short-term uptrend towards 1240 levels. Short term supports coming around the psychological support zone 1200 levels.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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One Reply to “Gold Short Term Trend Turning Positive : Technical Analysis”

  1. Hello Sir,

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