MCX Gold: Elliott Wave Forecast and extension within extension

MCX Gold Daily chart


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Now let us understand what is going to happen in MCX Gold. Prices have recently given a breakout and it is in wave 3 which is extension within extension as seen in the above chart. This means that wave 4 down and wave 5 higher both are pending. If everything is in place in next year Gold can test 44000-45000 

Comments

Phani Kumar said…
Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
Alembic Pharmaceuticals Ltd

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