Dear friends,
Some factors to consider while gold trading / Designing setup
1. Gold is international commodity - traded by so many countries at different time frames.. i.e in early morning australia , morning china - japan - singapore, late morning noon - india, afternoon - europe - evening to late night - us.
2. we are tradning india from 10am to 11.55pm almoste 14 hrs, but we couldnt able to catch late night momenent in us and early morning trade... may be posible reversal may occur during these time.
3. $ = rupee exchange rate also effect gold price (now days gold is at highest level in INR , but in international gold not touched hihgest level aprx 1020 $)
4. generaly in morning to late noon time we face sideways movement due to us absence.
5. in most case gold give big moment after 4-5 pm
Dear friends please consider these factor, I request our Senior Friends to please notify other points regarding gold trading / Designig setup.
Cheers