If you look through all of the commodities on the Multi Commodity Exchange of India I think you’ll find more opportunities today than at any point in the past year. I’m finding the best risk vs reward propositions in the metals and energy space specifically, not just in India but all over the world.
Today we’re taking a look at Gold specifically because I think it offers one of the best risk vs reward propositions on the entire exchange:
I see a breakout from a mulit-year base and we want to be long if we’re above 29,900 with a target above 32,400 which were the 2016 highs:
We can make a similar argument about Silver, Crude Oil, Natural Gas and others.
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