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gold trading: Learn with ETMarkets: Mastering gold, silver trading with MACD, fibonacci retracements

This article discusses a sophisticated approach to trading MCX Gold and Silver contracts by combining the Moving Average Convergence Divergence (MACD) indicator with Fibonacci retracement levels. Traders can use this technique to identify optimal entry and exit points. For long entry positions, traders should look for instances where the price retraces near the 50% Fibonacci level and observe a positive cross in the MACD indicator. For short entry positions, traders should focus on instances where the price retraces near the 50% Fibonacci level and observe a negative cross in the MACD indicator. ....

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Fibonacci Projections

Fibonacci Extensions provide insight into potential future price levels (support and resistance) when the market continues to trade in line with a strong initial move. ....

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Fibonacci Retracements in Multiple Time Frame Analysis

Fibonacci retracements and multiple time frame analysis can present a potent combo that can allow the trader to find multiple support and resistance levels. ....

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