Gold Opening Range Breakout

MCX Intermediate GOLD GOLDM GOLDPETAL

Trending Days with Clear Directional Bias

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Quick Reference

Strategy Type Intraday Breakout Strategy Based on Opening Range
Market Outlook Trending Days with Clear Directional Bias
Risk Profile Moderate - Defined Risk with Clear Invalidation
Reward Profile 1:1.5 to 1:3 Based on Range Projection
Time Horizon Intraday - Positions Closed by Session End
Capital Requirement Medium (MIS Margin for Intraday)
Margin Type MIS for Intraday Positions
Best Used When Opening range is well-defined, breakout occurs with volume, trending day expected

When to Use This Strategy

Opening range is well-defined, breakout occurs with volume, trending day expected

India-Specific Notes

Contract Specifications

GOLD 1 kg lot size - Best for ORB due to tight spreads during open
GOLDM 100 grams lot size - Good for medium capital ORB trading
GOLDPETAL 1 gram lot size - Acceptable but watch for wider spreads at open

Session Structure

Morning Session 9:00 AM - 5:00 PM (primary ORB window: 9:00-9:30 AM)
Evening Session 5:00 PM - 11:30 PM (secondary ORB window: 5:00-5:30 PM)
Best Orb Session Evening session (7:00 PM onwards) due to US market overlap

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