As expected, gold has started collapsing after a breakout of the test level. Will it keep falling?
First, click here and read the previous article on gold: When Will MCX Gold explode?
I have written in clear words, "If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46600 – 46000 – 45660 – 45200".
Gold has touched the first two targets by making a low of 45861. Profit per lot Rs.2,10,000
Anyway, what next? Gold can take a U-turn from here. This can be up to 46760 levels. Overall, it's under a downtrend.
First, click here and read the previous article on gold: When Will MCX Gold explode?
I have written in clear words, "If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46600 – 46000 – 45660 – 45200".
Gold has touched the first two targets by making a low of 45861. Profit per lot Rs.2,10,000
Anyway, what next? Gold can take a U-turn from here. This can be up to 46760 levels. Overall, it's under a downtrend.
