MCX Gold 2021's Supercycle

MCX Gold is collapsing after making the all-time high of 56191 (swing high). It has created a parallel channel in December. Gold prices are rising here. If gold breaks the dynamic resistance without fakeout, it can touch 51000 - 52000 - 52384 levels at the beginning of 2021.

And if gold breaks the parallel channel and retracement value of 0.618, it will become unstoppable and hit the following levels: 48800 - 47800 - 47296 - 46000 - 45196

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