Whant some light to choose gold exchange traded fund companies (ETF) through SIP.?

Question

I am planning to invest in gold, but unable to decide on which company ( ETF) . Please throw some light on the ETF/Gold Funds that can be chosen. The investment amount is through SIP around 2000 rs/month for 3 years.

Answer 1

Investing in Gold is a good option but emember the market is very volatile so i would prefer spot trading....

Price has not got out of the correction, so the prognosis for today is the same as yesterday

It may consolidate today curling around the median pitchfork, but in the mid-term most like it will try to test the next target at lower pitchfork line at about 867.40. If price goes above 895.78 it may try to re-gain yesterdays losses by coming back the upper pitchfork line at 905.00. MACD is coming back to 0, showing the markets consolidation, but the price is still below Slow MA, showing the markets down trend.

Movement:

- Short-term side way, mid-term down

Resistance:

- 893.99

- 900.83

- 904.41

- 908.50

Support:

- 882.78

- 875.74

- 866.16