SRK TRADING CALLS: MCX GOLD WEEKLY VIEW FOR THE WEEK 6.1.14

GOLDEN TIP FOR BEGINNERS

WHEN A INDEX OR SCRIP OPEN ,LOW ARE SAME AND HIGHER THAN PREVIOUS CLOSE {REMEMBER MUST BE HIGHER THAN PREVIOUS CLOSE} , THEN DON'T SHORT THAT SCRIP WHERE AS IN OTHER WORDS , YOU CAN TRY LONG IN THAT COUNTER

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WHEN A INDEX OR SCRIP OPEN,HIGH ARE SAME AND LOWER THAN PREVIOUS CLOSE {REMEMBER MUST BE LOWER THAN PREVIOUS CLOSE} THEN DON'T GO LONG IN THAT SCRIP WHERE AS IN OTHER WORDS , YOU CAN TRY SHORT IN THAT COUNTER

DISCLOSURE:- THIS IS MY PRACTICAL OBSERVATION IN MY TRADING JOURNEY AND I PUT THIS AS A THEORY FOR MY OWN TRADES , THIS IS NOT ANY ONE'S , OR NOT WRITTEN IN ANY TECHNICAL BOOKS
SOME COPY CATS COPYING THIS
TOTAL SENTENCE TO THEIR BLOGS OR WEBSITES
SO, IT IS YOUR RISK IF U DO ACTIONS ON THIS THEORY

Sunday, January 5, 2014

MCX GOLD WEEKLY VIEW FOR THE WEEK 6.1.14 - 10.1.14

Outlook for GOLD for next week: -

Major Trend indicators: - MACD & TRIX broken zero line, ADX @ 19.31 {below 20}, Parabolic SAR @ 28093.4, check the chart

Momentum oscillators: - RSI @ 50.82, STOC @ 35.79 & WILLIAMS%R @ -16.36 {trending zone}, Check the chart

Volume Indicators: - MFI @ 30.81, Volume oscillator @-1.39, NVI @ 337.94 which is below to avg 338.31 & PVI @ 150.23 which is above avg 148.33 check the chart

Volatility Indicators: - ATR @ 419.33 & Gold Heading towards upper band is @ 29589.9 & middle band @ 28814.9 {Gold cmp 29159}, check the chart

Negative & Positive outs puts: - Gold {panic 28720} cmp 29159 which is above 20 ema @ 28925.59 but below 50 ema @ 29366.93, 100 ema @ 29461.41 & 200 ema @ 29317.21.