Contrarians are not against the trend trader but they knew 90% of the time of market reversal points or near to the trend exhausting level. In other words they travel with the trend up to the exhausting level of the current trend and exit all of their positions and they accumulate new positions on 10% of 1 % level against the current trend and expecting the trend reversal at exhausting point.

Swim against the flow at the right time for to be successful as a contrarian trader.

Contrarian trading method is not easy as trend following method. Need lot of experimental experience in all live market conditions. There are many tools available to allow you to quantify a ‘contrarian’ opinion in any liquid market. ‘Calling the turn’ as it is known is extremely difficult to do, but by understanding and utilising these methods, you can only improve your trading capabilities.

Famous Contrarian Traders:

It may surprise you that some very famous trading names could be classified as Contrarian Traders/Investors:

Warren Buffett

Jim Rogers

Marc Faber

Paul Tudor Jones

David Dreman

Benjamin Graham

GOLD MCX YEARL LEVELS-

Trend is bullish.

If u seen our yearly analysis report ( the year for gold ). The gold market moved as per our prediction

1. Gold remains bullish
2. Expected price can go to target 3 level 29744  is the minimum expectation
3. Possible it can reverse if the price at target 4 as contrarian level.
4. Monthly level showing extreme bullish target 3 extn and target 4 is in the card for this month – (29764/29774/29774) TRIPLE resistance at this level. MARKET MAY REVERSE AT 29774.
5. 600 points from current market closing .
6. CAUTION MARKET IS HOLIDAY ON 14 TH AND 15^TH APRIL
   

   MCX GOLD MONTHLY LEVEL

   

   MCX WEEKLY CONTRAIAN LEVEL