Trading in MCX gold and silver contracts can be a rollercoaster ride, influenced not only by market dynamics but also by the psychological factors that govern traders’ decision- making processes. Delving into the psychology of trading reveals the complex interplay of emotions that can impact trading outcomes. In this article, we’ll explore the common emotions … Read more
Candlestick charts are a cornerstone of technical analysis, providing a visually intuitive way to understand price movements in the MCX Gold and Silver markets. By recognising specific candlestick patterns, traders can glean valuable insights into market sentiment and identify potential trading opportunities. Here, we’ll delve into several major reversal candlestick patterns that can be instrumental … Read more
In the realm of MCX Gold and Silver trading, understanding price patterns is crucial for informed decision-making. Three prominent patterns — heads & shoulders, double tops and double bottoms — offer valuable insights into potential price movements, aiding traders in navigating the dynamic precious metals market. Head & ShouldersThe head & shoulders pattern typically signals … Read more
