Mcx Gold April futures technical chart has taken the formation of “Ascending broadening wedge“pattern in daily time frame. Last few sessions ended up bearish in trend along with some corrections inside the channel, where the market is expected to continue on bearish momentum. the continuation of the trend will be confirmed once the price breaks below a key support holding at 32950-32750 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might have a chance to retest the same and revise the trend to bullish once again. The upside rally could test up to 33150-33300 levels. Key resistance holds at 33300.
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