Important for reversal 176.5 & 171.5, the outcome was clear that we would get a smart move higher.
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First, read yesterday’s gold call report: Expectations For Higher MCX Gold Prices (15M Elliott Wave)
I had written at 11:56 AM, “Support: 46400 – 46360
Targets: 46800 – 47000 – 47200“.
Gold call all targets has come. What else you want?
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I opined to be extended wave 3 and price retraces 38.2% from topping out wave 3.
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Support: 46400 – 46360
Targets: 46800 – 47000 – 47200
A breakout of the parallel line means downfall. Beware of fake out. It can fall the prices around 46100 – 46060.
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Support 1483/1412, for targets 1693/1758
