Did you trade MCX Gold Price action setup?
Visit here: MCX Gold: Elliott Wave Insights on Ascending Channel
We had written in the clear words, “If the price closes above the control line, it could potentially reach the following targets: 77660 – 78560 – 79600+.”
Timeline:
[08 January 2025]
- 12:00 PM – Price touched the first target of 77,660.
[10 January 2025]
- 7:00 PM – Price hit the second target of 75,560.
[16 January 2025]
- 09:15 AM – MCX GOLD made a new high of 79,270, close to our final target of 79600.
Trading theories such as Harmonic Patterns, Price Action, and Elliott Wave Theory optimally project market movements in any adverse market situation. If you had traded this setup, you could have made more than ₹200,000 per lot.
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