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In the Indian market, seasonal demand for Gold and Silver experiences notable spikes during specific periods, primarily driven by cultural and religious festivities.
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 indicato...
When is Akshaya Tritiya in 2023? Also known as Akti or Akha Teej, Akshaya Tritiya is an annual Hindu and Jain spring festival. It falls on the third of the bright half of Vaisakha month. Hindus and Jains observe it as an auspicious day, as it signifies the third day of unending prosperity. Buying gold on this day is a tradition, as worshipping Lord Kuber this day is believed to bring prosperity. Prices of gold and silver are trading near their record highs. Should you buy gold or silver? Find out all about it in this Business Today Visual Story.
Find out what the best silver trading platforms in UAE are in this extended silver trading in the United Arab Emirates guide. Compare the best...
The gold market is very complicated, but I can offer you some tips on how to navigate through it.