Trader_Indrajith

Trader_Indrajith

Looks like gold poked into a new high....sweeping liquidity and going south east for the lows. I'm on this sell trade now. Happy trading :)

Trader_Indrajith Updated 

On the last analysis, one trade hit TP with 444 pips and another a loss with 200+ pips. Currently I'm on this Buy trade. Lets see what the PPI news has to offer me Today. Happy Trading :) Trader_Ij

Trader_Indrajith Updated 

Hello all, I shared my entry that I took about 4-5 days ago on Gold on the buy side. As market retraced, I took another Buy and have been holding them. Happy Trading :)

Trader_Indrajith

I'm currently active on these two trades with a total of 450+ pips floating in profits..!!

Trader_Indrajith

There has been a strong support held on Weekly and Monthly chart. Technically we can also say Triple Bottom. As of MACD, a hidden bullish divergence has been formed. We can start acquiring from now for a long term investment through ETFs, Mutual Funds SIP etc.

Trader_Indrajith Updated 

I've secured the SL @120 pips now..!! I've also booked partial profits @200 pips...!! Check out previous analysis for more details on the trade. Looks like Gold might want to do a retracement and then go down again. Lets wait for the News in the evening. Happy Trading..!! :)

Trader_Indrajith

Gold dropping as expected. Check out the previous analysis to learn more about this trade. Currently running 200+ pips on the trade and SL has been now secured at 80+ pips. Happy Trading..!! :)

Trader_Indrajith

SL has been moved to BE for now on my Trade. Congrats to those who all were able to re-enter at 1912-1911 level. Will update the Trailing Stop and TP as well Happy Trading..!! :)

Trader_Indrajith

I got my alert at 1913 price level but as I stay in India, I was unable to enter at that exact price level due to the timezone. However I have taken the entry at 1906.69 level and will be holding it and trailing the Stop loss. Happy Trading..!! :)

Trader_Indrajith

Gold has broke 1910 level with huge momentum and make its way to the Daily Virgin CPR on the top. Just checked the news and the downside Virgin CPR zones for the next retracement. With this kind of move due to the fundamentals where U.S bank collapsed due to which Gold is moving hard to the upside, Gold will retrace back hard to the downside. The question is when...

Trader_Indrajith

After 1910...we can expect a down move to 1875 first...then to 1850. I will update my entry when I enter on the trade Happy Trading..!! :)

Trader_Indrajith

Based on the previous analysis, Gold failed to test the Monthly Virgin CPR zone and started a rally to the upside. As expected now Gold might make its way to 1900 level where a Weekly Virgin CPR Zone. I have marked the possible SL and TP zones if you are taking the long trade for the coming week. Happy Trading..!! :)

Trader_Indrajith

As explained on the previous analysis, Gold has now reached and tested the downside Virgin CPR zone @1912 level successfully. Now we can expect a continuous fall towards the monthly CPR zone at 1790 to 1783 level for the coming week. COT reports have not been published due to some sort of cyber issue and the date has been postponed. Will update the COT for Gold...

Trader_Indrajith Updated 

As analyzed on the previous analysis, Gold has moved down the Weekly Virgin CPR zone @1848-1846 level. Our next area will be around 1834-1837 level for next probable move. If in case Gold starts to rally up from current levels @1848-1850, our first stop would be around 1910 levels where the next Weekly Virgin CPR has been formed. I took 2 trades today with the...

Trader_Indrajith

On my previous analysis, I expected Gold to retrace back to the daily Virgin CPR zone @1930 levels but in this week, Gold was ranging heavily and formed a Daily and Weekly Virgin CPR Zones @1890 level and Weekly Virgin CPR Zone @1900 level. Even though Gold did not retrace much, it has precisely touched the Daily Virgin CPR and crashed to the Lower Virgin CPR...

Trader_Indrajith

As seen from my previous analysis, The last and final Weekly Virgin CPR on the upside was touched and price started to fall down as there were no Virgin CPR to be touched. Now Sells have started and we can expect the downside Virgin CPRs to be touched. We also can see how the Sellers and Buyers were taken out and now non commercial Sellers have taken control over...

Trader_Indrajith

As analyzed, Gold has now tapped our Weekly Virgin CPR zone finally. Now there are no more Virgin CPR zones in the levels above 1957-1962. Now we have to see Gold moving to the Downside for the coming month. I have marked the Virgin CPR zones which has to be tested before moving up. As of latest COT report, Hedge funds and non commercial traders are still long...

Trader_Indrajith

As expected, Gold has now touched the Daily Virgin CPR zone @1940-1942 level. I expected a move from 1922 level but Gold sis a deep retracement at 1912 level and shot back up to our expected Virgin CPR zone. We still have one last Weekly Virgin CPR zone yet to be tested @1956-1960 level. Once that gets tested we can start to looks for sells to downside Virgin...