Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. 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. Now the recent curiosity on building Trading AI Agents.

MCX Gold Crashed nearly Rs1000/ 10 grams from the high

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MCX Gold Intraday Chart

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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.

Rajandran R Creator of OpenAlgo Sketchmaker, RagZ. 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. Now the recent curiosity on building Trading AI Agents.

4 Replies to “MCX Gold Crashed nearly Rs1000/ 10 grams from the…”

  1. Raj please confirm what will be the link to extract intraday Banknifty data for 5 days 30 mins?

  2. 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.

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