Gold MCX Daily

 

GOLD MCX
TIME	TARGET	TREND	REVERSAL	TIME
Short term trend	30323-30800	Up	29300	1-5 Days

 

*changes are marked highlighted in brown

Price extentions are starting, with the 20dma holding as support at 29300 and last weeks high surpassed, 30800 appears as an achievable target.

Gold $, also held on to its 20dma, and am considering marking the recent a-b-c decline in a flag as wave ii itself so wave iii up would have a target of 1335 from 1240.