Gold is looking much stronger after breakout of a long term bullish channel.
It is trading at a 10 year high, and fundamentals support further upside.
Buy the dips, with a stoploss of 1660 for positional longs and 1696 for intra-day longs.
Try to keep big targets 1840-1920, follow trailing stop loss system once it is above your buy level.
As you know, we have not so liquid "options" available with MCX, a bull spread can be considered if you are a conservative trader.
Please follow due diligence before taking any positions, consult your financial advisor / consultant before taking any trade using leveraged products.
It is trading at a 10 year high, and fundamentals support further upside.
Buy the dips, with a stoploss of 1660 for positional longs and 1696 for intra-day longs.
Try to keep big targets 1840-1920, follow trailing stop loss system once it is above your buy level.
As you know, we have not so liquid "options" available with MCX, a bull spread can be considered if you are a conservative trader.
Please follow due diligence before taking any positions, consult your financial advisor / consultant before taking any trade using leveraged products.
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