MCX Gold on the EOD chart with 13-13 Wilders moving average channel offset trading system applied over the chart. And from the MCX EOD chart it is in buy mode since 27th Jan with EOD supports coming around Rs 27559 and having a high probability to retesting the previous high and also the possibility of testing 30,000/10gms.
Rajandran R Follow
Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Will MCX Gold Test 30000
12 sec read
sir, can we trade intraday on the basis of 13-13 wilder movi ave. is it reliable…? using 15 min data or 1 Hr data or 90min data?