Mastering MCX Gold and Silver contracts involves a strategic blend of technical indicators. The Moving Average EMA21 strategy, complemented by risk management techniques using the EMA8, provides a structured approach for both long and short positions. Incorporating the RSI for confirmation adds an extra layer of analysis enhancing traders’ ability to identify trends and manage risk effectively in the dynamic precious metals market.
Silver hits $60 per ounce for first time, gold rises ahead of Fed rate decision
Gold prices edged higher as traders anticipated the U.S. Federal Reserve’s interest rate decision. Meanwhile, silver surged to an all-time high of over $60 per