RTFX TraderTip >> XAU-USD Analysis - Thursday 23 July 2009

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RTFX TraderTip >> XAU-USD Analysis - 23 Jul 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 : impulse wave up 955.1373 Scenario for today Currently uptrend should end around 952.9750 - 955.6700 area. A correction down to below 945.8600 is expected. A rise above 960.0900 will abort the expected correction. Key point 953.0093 Entry point 950.5679 Elliott 931.9500 Closing 951.2500 Projection 955.1373 Trendline 949.0042 Trendline 949.2034 Res 2 960.0900 Ex-High 954.7000 Res 1 955.6700 Pivot 950.2800 Sup 1 945.8600 Ex-Low 944.8900 Sup 2 940.4700 954.6572 951.5385 941.4455 938.3268   WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 958.8101 Scenario for this week It should trade higher to 949.6333 while 928.8066 or 922.0499 offers support. Stop loss below 915.2933 zone. Key point 966.0200 Entry point 931.1459 Elliott 905.1800 Closing 936.1200 Projection 975.3850 Trendline 907.9811 Trendline 910.7800 Res 2 963.1467 Ex-High 942.3200 Res 1 949.6333 Pivot 928.8066 Sup 1 915.2933 Ex-Low 907.9800 Sup 2 894.4666 956.9626 948.8252 922.4906 914.3532   MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It looks more likely that it would rise to 973.4366 from 919.8650 or 896.3966. After which a downside move is expected. Key point 920.3900 Entry point 955.3303 Elliott 990.2700 Closing 926.5000 Projection 865.0000 Trendline 912.7977 Trendline 945.9600 Res 2 1020.3734 Ex-High 990.2700 Res 1 973.4366 Pivot 943.3333 Sup 1 896.3966 Ex-Low 913.2300 Sup 2 866.2933 992.4511 972.8002 909.2051 889.5542   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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