Gold Option Chain Strategy Today for Active Traders

by Riteshkumar Sahu (riteshkumar.sahu@kotak.com), Saait Sawant Dessai

Gold Option Chain Strategy Today (05 June Expiry)

🕗 Last Update: 29 April 2026 | Evening Session

MCX Gold June Futures is trading near Rs. 1,48,847 after consolidation. Will Gold reclaim Rs. 1,50,000 or slip below Rs. 1,48,000? Full option setup below.

Today’s Bias

Bullish above Rs. 1,50,000
Weak below Rs. 1,48,000
Range zone: Rs. 1,48,000 – Rs. 1,50,000

Today’s Options Trade Setup

Instrument	Trade	Buy Zone	Target	Stop Loss
Gold	150000 CE Buy	Rs. 2850 – 3000	Rs. 3600 / 4200	Rs. 2450
Gold	148000 PE Buy	Rs. 3000 – 3250	Rs. 3950 / 4700	Rs. 2550

Execution Plan

Condition	Action
Above 150000	Buy 150000 CE
Below 148000	Buy 148000 PE
148000 – 150000	No Trade Zone

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Gold analysis by Riteshkumar Sahu, Saish Sawant Dessai, Abhijit Chavan of Kotak Securities

Gold snapped its three-day losing streak, rebounding above $4,600/oz amid renewed geopolitical tensions.
Strong central bank buying and safe-haven demand continue to support prices, especially with rising uncertainty around Iran-related developments.
However, higher U.S. yields and a tight Federal Reserve stance are capping upside momentum.
Near term, gold remains range-bound with positive bias, driven by geopolitical risk and inflation hedging demand.

🔽 Study Nifty Option Strategy
👉 Trade Setup + Key Levels + Pro Insights

Why This Strategy?

Factor	Observation
Spot / Futures Price	Around Rs. 1,48,847
Trend	Sideways with recovery attempts
Resistance Zone	Rs. 1,50,000 – 1,52,000
RSI	Near 55 (neutral-positive)
Option Data	Heavy CE OI at 150000 & 155000, PE support near 148000

Support and Resistance (Option Chain Based)

Type	Levels
Immediate Support	1,48,500 – 1,48,000
Strong Support	1,45,000 – 1,40,000
Immediate Resistance	1,50,000 – 1,52,000
Strong Resistance	1,55,000 – 1,60,000

Key Levels

Level Type	Price
Pivot Strike	1,49,000
Downside Trigger	1,48,000
Upside Trigger	1,50,000

PCR Analysis Today

Strike	PCR	Interpretation
145000	Strong	Solid support zone
148000	Moderate	Base support
150000	Balanced	Key battle zone
155000	Weak	Call resistance
160000	Heavy Calls	Major hurdle

👉 Bias: Bullish above 1,50,000, weak below 1,48,000

Max Pain Today

Metric	Level
Max Pain Zone	1,49,000 – 1,50,000

Intraday Strategy (Option Chain Based)

Scenario	Expectation	Trade Strategy
Above 1,50,000	Upside toward 1,52,000 / 1,55,000	CE Buy
Below 1,48,000	Downside toward 1,45,000 / 1,40,000	PE Buy
1,48,000 – 1,50,000	Sideways / Premium decay	Avoid Trade

Technical View Today

Indicator	Signal
Momentum	Mild Positive
RSI	Neutral bullish
Price Action	Consolidation after decline
Stochastic RSI	Cooling
Volume	Selective participation

Trading Meaning

MCX Gold is consolidating near Rs. 1,49 lakh zone after recent correction. Traders should watch Rs. 1,50,000 for breakout continuation. If price slips below Rs. 1,48,000, fresh selling pressure may emerge. Inside the range, premium decay can dominate, so breakout trades are preferable.

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Gold Option Chain Strategy Today (05 June Expiry)

Today’s Bias

Today’s Options Trade Setup

Execution Plan

Why This Strategy?

Support and Resistance (Option Chain Based)

Key Levels

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