Gold Price Today: Gold prices keep fluctuating every day. But these days MCX Gold August Futures are bullish. Gold price is trading in a strong position after good recovery from lower levels. In such a situation, now experts have told whether one should buy gold on this day i.e. on 3rd July or not.

What do experts say?
According to Research Analyst Jatin Trivedi, Vice President, Commodity and Currency Department of LKP Securities, the price of gold currently remains above the short-term moving average and the support level of the last trading session. This indicates that buyers still have a strong hold in the market, although RSI has reached the overbought zone.

Also read: 200 Note: How to identify whether 200 rupee note is real or fake, remove confusion with these 7 points of RBI.

when to buy gold
If you are planning to buy gold today i.e. on 3rd July, then according to experts you are advised that if the price comes around Rs 1,47,400 then you can think about buying. At the same time, to avoid risk, keep a strict stop-loss below Rs 1,46,800.

according to technical charts
So the movement of gold still appears strong on the technical charts. Prices are continuously making higher highs and higher lows, which is a sign of a bullish trend. Apart from this, bullish crossover in short-term moving average, positive signal of MACD and trading above the pivot support of the previous trading day shows that the buying environment is still strong in the market.

So in such a situation, understand the advice of experts and take a thoughtful decision accordingly and invest in gold.

Also read: Cryptocurrency: Big step by RBI, called cryptocurrency a threat to the economy, report given to parliamentary committee