Coming Soon: New Highs in Gold🚀
Last Thursday we shared a SAMSHOT on why it was time to add gold to your portfolio based on the ratio chart of Gold to CNX 500
MCX Gold shot up by almost 2% on Friday and is hovering around its lifetime highs📈
Gold in dollar-denominated terms is also trading near its all-time highs
MCX Gold is forming a flag pattern on the daily charts & is also taking support along the curved trendline
Fibonacci Extensions indicate a medium-term target of 65,688 & long-term target of 75,741
With election-related volatility rising soon we expect gold to offer a good hedge and protection
Have you added glitter to your portfolio🤔 Don’t be late…
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