Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

What’s Up Gold? A Short Term Trend Overview

43 sec read

Its been a very long time that we looking into the short term view of gold. In the last couple of months(Feb & Mar 2020), Gold is showing elevated volatility compared to the last 6 years of dull & boring price action.

Short Term trend is holding up positive for the last 3-4 trading sessions. And the most surprising factor is, during the times of fearful environment we are told that Gold is one of the safest asset class to invest but rather that context seems to be partially true.

When the real panic is hitting the floors even gold declines in value. Probably not a good idea to buy the gold exactly when you are realizing that we are in a fearful environment. Significant correction in Gold happened during the month of Mar 2020 (Corona Virus Covid-19 Fears), where the price moved from 1700 levels to 1451 levels per ounce.

Monthly, Weekly and Daily trends holds to be on the positive side and at present the fearful environment is bit reduced despite the day to day rise in exponential covid-19 world wide infection rate.

In a short term supports are upgraded towards the psychological levels 1600 and possibly an upmove is brewing towards 1680 and 1700 levels.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Gold to Hit All-Time High? How Small Investors can…

I know, in this Bitcoin era if someone is talking about Gold they could be either a 70s kid or an 80s kid. Well,...
Rajandran R
1 min read

Silver Momentum Pullback Trade Setup

After a significant momentum in Silver 11.77 to 29.85 silver started correcting in the month of Sep 2020 towards 21.66. Last week silver plunged...
Rajandran R
22 sec read

Is the Oil nearing the Bottom?

I woke up in the morning just to see the headlines "Oil Drops to 21-Year Low With Storage Filling as Demand Shrivels". Ever-since ...
Rajandran R
53 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More