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MARKET ANALYSIS

Emerging Triangle pattern in its final wave was identified on the XAUUSD 1 hour chart. After a strong bullish run, we find XAUUSD heading towards the upper triangle line with a possible resistance at 2664.6812. If the resistance shows to hold, the Triangle pattern suggests a rebound back towards current levels.

GBPJPY is approaching the support line of a Rising Wedge. It has touched this line numerous times in the last

BRN/USD has broken through a support line. It has touched this line at least twice in the last 10 days.

The price of S&P500 in heading back to the resistance area. It is possible that it will struggle to break

FTSE100 has breached the support line at 8249.0996. It may continue the bearish trend towards 8199.2139, or, it may prove