Rajandran R 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 Trending Down?

6 sec read

Daily charts of Gold Charts(Dollar Denominated shows that Ichimoku Cloud resistance near 1225-1245 zone.
Outlook for the Gold looks trending downwards in medium term.
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Rajandran R 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

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One Reply to “Gold Trending Down?”

  1. Sir ,
    The cloud shown in stock charts and the cloud shown in GCI software are showing diffetent in case of gold(daily charts) ,parameters being same (3,13,16) . In GCI software the candlesticks are in the cloud , whereas , in stockscharts , as shown by you the candle sticks are below cloud . Why, such difference ?

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