MCX Gold Intraday Chart
MCX Gold Crashed nearly Rs1000/ 10 grams from the high. MCX Gold April Contract had crashed more than 3% and MCX silver had crashed more than 5%. Its the biggest one-day drop in 2-1/2 months, as a dollar rally following U.S. Federal Reserve Chairman Ben Bernanke’s comment on an encouraging job recovery prompted funds to heavily unwind bullish bets.
Related Readings and Observations
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- MCX Gold – Time to Rise – Technical Analysis Gold (20.08.2014) traded higher as per our last article & went to $1320 mark. However a sharp fall was witnessed from there specially on mcx with combination of INR.
- Technical Outlook – Does Gold Retesting & Reversing? Now gold is trading below $1300 once again & as we can see on charts, gold kissed the broken trend line which was unable to hold prices up for the 3rd time in mid April.
Raj please confirm what will be the link to extract intraday Banknifty data for 5 days 30 mins?
@Sandy
Mailed You check it out
Rajandran, do you have any views on trading delta neutral strategies on gold? With this volatility perhaps it makes sense to put on a straddle on gold? Whether gold goes up or down, volatility is likely to expand here.
dear rajandran,any indications of gold being a buy here at 1721