CMP: 1309
Gold currently in falling wedge, pattern appears to be getting completed soon. Also, in support zone of 1300-1310.
Expecting an upmove to minimum 1325-1330 (can go higher as well).
SL: Recent daily low of 1302
Falling TL breakout & re-test happened, inverted H&S manifesting. market to rally higher in short term.
Volume profile indicating target zone of 2720-2760.
Medium term remains bearish, market in distribution phase.