Friday 4 January 2019

Descending tringle on gold 15 min

gold 15 min
     This is short term intraday trade idea. chart used is 15 min chart. Lower high lower low is clearly visible. Descending triangle chart pattern. 
    Sell below support line ( mcx India Rs 31745 ) of the triangle for little quick gains. Jay Shriram.
Update first, 4th Jan, 02.46
gold 15 min
     Within few minutes our trade has turned in a profitable trade. Price breached supportline and went down. CMP is 1293.22 & MCX price is Rs 31715. Use trailing sl method to protect profit's.
Jay Sriram.
Update second, 4th Jan, 08.04 pm IST
gold 15 min
     CMP is 1282.30 , very good profit in intraday. I am closing my position because I am satisfied with profits. Cmp on mcx India is Rs 31540. Nearly 200 points/ 1kg lot. That means Rs 20000 / lot. Jay Shriram.