Gold for Indian traders: XAU/USD, MCX and how a gold engine reads the chart
Gold is the one market Indian traders follow that never closes for them. XAU/USD sets the price in London and New York; MCX Gold in rupees follows it with a currency overlay.
What moves it
Real US yields (gold pays no coupon, so higher real rates hurt it), the dollar index, central-bank buying, and fear. The Federal Reserve decision and US CPI are the two events that move it most; the calendar lists both in IST.
Which chart
Use XAU/USD for structure: it is the liquid reference, and the daily, four-hour and hourly charts carry the order blocks, fair value gaps and liquidity pools that MCX inherits. Trade the instrument you have access to, but read the chart the world reads.
Nine systems, one call
Trend-following rules that well-known traders published (the Turtle breakout, the 200-day rule, Linda Raschke's Holy Grail, MACD, RSI, Supertrend, Ichimoku, Bollinger, the EMA ribbon) each vote on every closed candle. A smart-money layer votes on structure, zones and liquidity. The blend is a score from −1 to +1; BUY prints above +0.25, SELL below −0.25, with hysteresis so it does not flip every bar. That is what XAU Sovereign does, with entry, stop and a 2R target on the chart and a Pine Script for TradingView.
Timeframes
Daily for the bias, four-hour for the swing, hourly for the entry. When all three agree, size normally; when they disagree, size small or wait. The gold panel in the Global terminal shows all three side by side with the DVOL volatility index and futures funding.