Gold Quant Analysis: 11/Feb/19

MCX Gold April futures technical chart has taken the formation of “Ascending broadening wedge” pattern in daily time frame. Last session ended up consolidated after few negative rallies inside the chancel, where the market is expected to continue on bullish momentum. The pos
The positive rally could be extending all the way up to 33350-33500 levels in the upcoming sessions. rnative scenario indicates that if the market happens to breaks below a key support holding at 33150 and give a close on daily basis then it might revise the trend to bearish once again. The downside rally could test up to 33300-32900 levels. key resistance holds at 33500.