Hi Friends,
I trade commodities only in evening session, I have a question regarding trading gold. I use international charts to trade gold on MCX after 5 pm ( after currency market closes so that there is no disturbance of usdinr effect), but sometimes i see that MCX gold prices do not move exactly like the international gold prices even after 5 pm.. Would like to know from seniors and other gold traders , what charts do you follow to trade gold intraday . MCX charts are not correct because of usdinr effect , while mcx gold prices do not move in exact correlation to international prices.. What charts to follow in this case.
I trade commodities only in evening session, I have a question regarding trading gold. I use international charts to trade gold on MCX after 5 pm ( after currency market closes so that there is no disturbance of usdinr effect), but sometimes i see that MCX gold prices do not move exactly like the international gold prices even after 5 pm.. Would like to know from seniors and other gold traders , what charts do you follow to trade gold intraday . MCX charts are not correct because of usdinr effect , while mcx gold prices do not move in exact correlation to international prices.. What charts to follow in this case.