MCX Gold Elliott Wave forecast

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As per hourly chart, prices are moving down by breaking its previous low which is a negative sign. It is possible that it will break the level of 44750 which will infuse selling pressure dragging prices near till 43000.

From Wave theory, Gold might have completed wave b of wave iv and wave c lower is on the brink which can drag till 43000 levels.

The summation is, prices are all set to crack in near term with support at 43000 once the level of 44750 is broken.

Elliott and Neo Wave analysis is conducted for 1 month, this is an advance technical course suited for professional traders. Twice a week, 2 hours will be given for theory as well as practical application. The fees for it will be Rs. 10,500/-.

Classroom training and webinars both are available. If you reside in Mumbai, classroom training is conducted in Vile Parle near station and Borivali Station. For inquiry and registration call +919324174580.


Comments

Phani Kumar said…
Hey, thanks for the information. your posts are informative and useful.
Raymond
27 July 2020 at 14:24
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