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
MCX Gold – Extreme Weekly Sentiment Indicates Bottomed out? MCX Goldon the monthly charts consolidating for the last for the 5 years in the band of Rs25000 - 32200 per 10 gram. Sentiment on the monthly charts suggests the long term sentiment is […]
Commodities Crashed Post US Presidential Election Results MCX Gold surges to a high of Rs31326/Kg when Mr.Donald trump was leading the election results on 9th Nov 2016. Around 10.40p.m gold topped out and from there post the election announcement […]
MCX Gold – Trading Sentiment Overview Since February 2016, Gold is trading in sideways mode between 28,000 - 30,000 per kg on the broader scale. Interestingly China (Shanghai Gold Exchange) last week launched its own yuan […]
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.
MCX Gold 90 min Ichimoku Chart with Buy and Sell Signals MCX Gold Ichimoku 90 min charts are shown with sell signal since 13th Jan 2012 with resistance coming around Rs27603 which also matches currently with 200 day MA average. Also currently […]
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