Gold

Gold daily chart has formed “Rising wedge” pattern. The last session ended up bullish near the channel’s support slope line. The market is expected to retest the support level in bearish momentum and turn bullish once again, the downside rally could test all the way through $1345-1340(30235-30110) levels in the upcoming sessions. Once the market reaches the support level holding at $1340(30110) then it might retest the same and turn bullish. The upside rally could test $1350-1360(30360-30610). Resistance holds at $1360(30610).

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