Gold 4HR chart has formed “Ascending broadening wedge” pattern and the corrections are clear that market is on a rally to break every possible higher resistance in the previous sessions. The same is expected in the upcoming one that market will have some small correction, but will rally on bullish momentum as per the analysis. Once the market breaks above the strong resistance level which holds at $1286(29550) then the buy signal will be confirmed towards next higher resistance level. Support holds near $1277.50(29340).
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