Rajandran R Follow 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

MCX Gold trading near all time high

August 2, 2011 24 sec read

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MCX gold inches up to a new all time high of Rs23420 . Trading sentiments turned extremely bullish after gold climbed towards a record in New York as concern that global economic growth may be slowing, spurred demand for wealth protection. Hourly charts of SDA2 trend trading charts are shown with buy signal holding on the hourly charts since 29th July 2011. Stochastic the leading indicator is currently above the overbought zone(Greater than 80).

Gold prices were hitting record highs Tuesday as the Bank of Korea announced it bought gold for the first time since 1998, reminding investors of gold’s large safe haven appeal as global economies slow.