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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.

Related Keywords

,Moving Average Convergence Divergence ,Entry Strategy ,Might Also Like ,Gold Trading ,Silver Trading ,Macd ,Fibonacci Retracements ,Mcx Gold ,Silver Contracts ,Entry And Exit Points ,Risk Management ,Macd Positive Cross ,Learn With Etmarkets ,

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