MCX Silver Chat Analysis

Gold Head & Shoulder

                                           Gold Head And Shoulder Target 1125$
                                                                      Stop loss          1330$          

GOLD,SILVER JUL 21

MCX GOLD
PREVIOUS H 23146
L 22852
C 23109
2 DAY H 23320 L 22852
50 SMA : 22455
21 EMA : 22647
10 SMA : 22888
TREND : UP
SWING HIGH 23320 (HH)
SWING LOW 22862 (HL)
VOL : 49.62 M
***
MCX SILVER
PREVIOUS H 59375
L 57025
C 59179
2 DAY H 60739 L 59375
50 SMA : 54607
21 EMA : 55789
10 SMA : 57167
TREND : UP
SWING HIGH 60739 ( HH )
SWING LOW 52660 ( LL )
VOL : 142.2 M
***
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***

GOLD,SILVER JUL 20

MCX GOLD
PREVIOUS H 23320
L 22950
C 23040
2 DAY H 23320 L 22950
50 SMA : 22439
21 EMA : 22601
10 SMA : 22809
TREND : UP
SWING HIGH 23320 (HH)
SWING LOW 22831 (HL)
VOL : 45.23 M
***
MCX SILVER
PREVIOUS H 60739
L 58805
C 59255
2 DAY H 60739 L 58700
50 SMA : 54490
21 EMA : 55451
10 SMA : 56701
TREND : UP
SWING HIGH 60739 ( HH )
SWING LOW 52660 ( LL )
VOL : 121 M
***
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***

TRADING SYSTEM

TRADING SYSTEM USING THREE AVERAGES

The system features three moving averages:
fast, middle and slow.

Entry points are determined by the middle moving average crossing the long moving average
and exit points by the fast moving average crossing the middle moving average:

Go long when:
middle moving average crosses to above slow moving average from below;
AND fast moving average is above middle moving average.

Close long when
fast moving average crosses to below middle moving average from above.

Go short when:
middle moving average crosses to below slow moving average from above;
AND fast moving average is below middle moving average.

Close short when
fast moving average crosses to above middle moving average from below.

From http://niftydoctor-trading.blogspot.com/