PART 2: When Will MCX Gold explode?

On 15 Feb 2021, I have written an article on Gold . First, click below & read again:
[When Will MCX Gold explode?] URL:!/...

I have written in that article, "If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46860 – 46600 – 46000 – 45660 – 45200".

Gold has touched all targets.

Keep eyes on the retracement value of 0.618. It will act as a resistance.

Targets: 44260 - 43600 - 43000 - 42260

Alternative scenario: If gold remains above 45200, it may try to hit 0.382 (TP: 46000 – 46800+).


gold is conslidting at support likly to move up
it is overextended from bb ema , expensive nifty50 will help gold to move up
+2 Reply
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