Trade Idea: We believe Gold has significant upside left for appreciation because of several factors such as geopolitical risks, Gold’s role as inflation hedge as well as strong demand from Emerging Markets as well as central banks globally. A dedollarised world’s first ask is Gold. With very low IVs in risk assets, Gold is an absolute hedge for an imminent rise in IVs in risk assets. Hence, we remain bullish on Gold for significant upside. We recommend to be Long Gold, Take Profit at 2985 $/Oz & Stop Loss being 1900 $/Oz. CMP of Spot Gold is 2345 $/Oz.
For detailed trade recommendation report, please read the below report in our trade recommendation section:
https://macro-spectrum.com/trade-recommendation/gold-long-trade-reco
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