FX:XAUUSD   Gold Spot / U.S. Dollar
364 9 12
Market Analysis: The market has broken the triangle support. But still there is a major support near the 1309 level. So if the market breaks the support can expect a new down trend to 1285.

Alternate Scenario: If the market breaks the triangle Resistance again, Can see a retest and to the next triangle resistance level .

So lets see what the market does in the coming days. Happy Weekend, Cheers!
I guess XAU won't become lower than the support bars defined on your chart above this year.
Kishore albertwt
yeah it has taken a strong support at the 1309 level. Hoping to see a good uptrend until 1340.00, Lets wait and see what the market does. Cheers!
+1 Reply
exelent chart
Excellent Analysis. In my GCI chart Wolf Wave pattern has evolved 2 months back and it is still continuing I suppose. Anyhow I am in Italy so I do not have that chart with me.

Well done Kishore. Your training is immensely helping me in analysing the market.
Kishore paulsubbureddy
Thank you so much sir, I very happy its helping you. Cheers!
I can not resist commenting on your professional trade analysis! Looks way os LONGER-term. Will be interesting to see how the upper trend line plays. Kind of looked like another abandoned badb candle, lol. Good for a laugh anyway. Nice Work! GL
Kishore JosephCarson
Hello Joseph,

Thanks for your valuable comments, Yes its indeed a long term analysis. The market is already taken a good support near the support zone, Once it breaks the resistance level. Hoping to see a good rally up to 1340.00. Lets see what the market does. Cheers!
thank u
Kishore XiaJi
Your Welcome.Cheers!
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