Market Live
Axis bank The Competition Commission of India has considered the proposed combination and approved the subscription to 14,25,79,161 equity shares of Max Life by the Bank. KEC International The company has secured new orders of Rs. 816 crores across its various businesses Brigade Enterprise Brigade Group signs a Joint Development Agreement for an Office Space in Whitefield, Bengaluru with a Development Value of Rs.340 Crores. Vedanta Vedanta Aluminium Expands Alumina Refining Capacity to 3.5 million tonnes per annum (MTPA)”. Anup Engineering Board fixed 23rd April 2024 as the Record Date for bonus issue Gufic Biosciences The company has incorporated a wholly owned subsidiary, “VEIRA LIFE FZE,” in Dubai for the marketing, distribution, and sale of pharmaceutical products. GE Power The company received orders worth Rs 774.9 crore from Jaiprakash Power. Suryoday Small Finance Bank The company reported disbursements at Rs 2,340 crore, up 39% YoY in the fourth quarter, gross advances at Rs 8,650 crore, up 41% YoY and total deposits at Rs 7,775 crore, up 50% YoY. RBL Bank The company reported total deposits at Rs 1.03 lakh crore, up 22% YoY as of March 31 and gross advances at Rs 85,640 crore, up 5% YoY. Vodafone Idea The board will meet on April 6 to consider share issuance proposals of equity and/or convertible shares on a preferential basis. L&T Finance Holdings The company reported retail loan book at Rs 80,010 crore in the fourth quarter, up 31% YoY and retail disbursements at Rs 15,030 crore, up 33% YoY
Thu. Apr 11th, 2024

Analyzing Gold’s Price Action and Trading Strategies

Spread the love
18 / 100

Gold has experienced a busy week, and it seems that we currently have a XAU limit in place. Looking ahead to Monday, it is expected that shorting will be the dominant trading strategy. Support is currently seen at around 2035, and it will be interesting to see if this level will be broken.

For those looking to scalp, it is advisable to avoid trading sideways. The movement in this range is minimal, and your broker’s fees may eat into your profit margin significantly. It is important to consider the potential risks and rewards before engaging in such trading strategies.

Another factor to consider when analyzing gold’s price action is the underlying causes of the movement. Take a look at the economic calendar from last week to gain insights into the likely outcomes even before signals are generated. Understanding the drivers behind price movements can help inform your trading decisions.

Overall, it is crucial to stay informed about market trends and to develop a well-rounded trading strategy when dealing with gold. By considering support levels, avoiding low volatility periods, and analyzing the economic calendar, traders can make more informed decisions and increase their chances of success.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

By earn

Related Post

WP Twitter Auto Publish Powered By :
This imagery reflects the belief that peace is essential for a flourishing society. Of your trip. Anxiety.