FX:XAUUSD   Gold / U.S. Dollar
361 9 11
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!
thank u
Your Welcome.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 PRO 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!
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 PRO paulsubbureddy
Thank you so much sir, I very happy its helping you. Cheers!
exelent chart
I guess XAU won't become lower than the support bars defined on your chart above this year.
Kishore PRO 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
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out