Commodity/Period | Daily | 4 Hourly | Strategy |
Gold | Bullish | Bullish | Ignore Sell Signal & Buy on 1 Hourly Buy signal |
Silver | Bullish | Bullish | Ignore Sell Signal & Buy on 1 Hourly Buy signal |
Crude Oil | Side Way | Side Way | No Trade is recommended |
Copper | Side Way | Side Way | No Trade is recommended |
This is highly probable strategy. Place stop loss below than previous day’s low or above than previous day’s high for your protection.
Gold October Contract has been released. So trade for Gold October contract rather than August Contract.