Gold - is trading in a range after the channel breakout.

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.