RTFX TraderTip >> XAU-USD Analysis - Wednesday 20 May 2009

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RTFX TraderTip >> XAU-USD Analysis - 20 May 2009 The RF Tradertip™ is the presentation of Nostromo system that includes all the technical indicators and resumes the selected currencies pairs' situation on a daily, weekly and monthly basis. DAILY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 919.7950 Scenario for today If market stays below 927.1799 a fall to 918.6566 is expected. If market breaks the point 930.2966 it could reach the sky. Key point 924.8149 Entry point 926.7823 Elliott 934.1900 Closing 924.8900 Projection 916.3978 Trendline 930.3339 Trendline 925.1699 Res 2 935.7032 Ex-High 929.4700 Res 1 930.2966 Pivot 924.0633 Sup 1 918.6566 Ex-Low 917.8300 Sup 2 912.4233 934.1940 930.8240 919.9180 916.5480   Warning: Harami WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Current rise should end around 940.8700. Objectives of this downmove are 915.4300 or 899.3700. A rise above 950.2500 is again bullish. Key point 930.4950 Entry point 923.8319 Elliott 865.0000 Closing 931.4900 Projection 967.3000 Trendline 907.6009 Trendline 932.3500 Res 2 950.2500 Ex-High 934.1900 Res 1 940.8700 Pivot 924.8100 Sup 1 915.4300 Ex-Low 908.7500 Sup 2 899.3700 940.7519 933.9803 912.0656 905.2940   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 935.7350 Scenario for this month Current fall is near an end of wave around 857.8300 zone, a rally should then procede to above 926.0000. Fall below 827.3300 would cancel this scenario. Key point 896.0000 Entry point 880.5002 Elliott 865.0000 Closing 888.3300 Projection 952.4285 Trendline 922.1177 Trendline 896.5200 Res 2 963.6700 Ex-High 933.1700 Res 1 926.0000 Pivot 895.5000 Sup 1 857.8300 Ex-Low 865.0000 Sup 2 827.3300 952.5075 933.6801 872.7501 853.9228   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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