UPDATE: When Will MCX Gold explode? [Profit - INR 210000]

As expected, gold has started collapsing after a breakout of the test level. Will it keep falling?

First, click here and read the previous article on gold: When Will MCX Gold explode?

I have written in clear words, "If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46600 – 46000 – 45660 – 45200".

Gold has touched the first two targets by making a low of 45861. Profit per lot Rs.2,10,000 [Free Jackpot Call]

Anyway, what next? Gold can take a U-turn from here. This can be up to 46760 levels. Overall, it's under a downtrend.