📈 Gold bullish? Buy on dips strategy for August 7, 2026
Gold's technical structure is bullish because the 8-period EMA trades above the 21-period EMA. This bullish trend is observed in MCX Gold October futures, which are trading with a positive bias. Key indicators show this positive momentum, with RSI-14 around 58 and MACD in positive territory. Traders are advised to buy near Rs 1,49,250 with a stop-loss below Rs 1,47,900. The target upside is set towards Rs 1,50,700 as long as support holds.