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!
Komentarze
albertwt
⋅
I guess XAU won't become lower than the support bars defined on your chart above this year.
Kishore
⋅
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!
ali_12345
⋅
exelent chart
paulsubbureddy
⋅
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
⋅
Thank you so much sir, I very happy its helping you. Cheers!
JosephCarson
⋅
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
⋅
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!