[MCX] Gold Compression Straddle Bet

Gold has a nasty compression. Although techncially it is easy to see the bet of long side is most logical but if you zoom out and see in higher timeframe, the view is on short side.

So, Timeframe analysis does not align at all.

Selling a stradle. On BEP break I will take delivery i.e if it breaks upside, I will retain a short view. If it breaks downside, I will retain a long view.

My bet is - It will fall this year.