RTFX TraderTip >> XAU-USD Analysis - Wednesday 16 September 2009

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RTFX TraderTip >> XAU-USD Analysis - 16 Sep 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 : irregular flat correction up 1016.5649 Scenario for today It looks set for gains to 1014.1934. Supports at 1000.0850 and 996.8234. A break of 985.9767 will damage this bullish structure. Key point 1014.1550 Entry point 1003.3284 Elliott 992.5000 Closing 1007.6700 Projection 1024.0024 Trendline 1001.2648 Trendline 1001.2648 Res 2 1020.7167 Ex-High 1009.8700 Res 1 1014.1934 Pivot 1003.3467 Sup 1 996.8234 Ex-Low 992.5000 Sup 2 985.9767 1012.8644 1008.2785 993.4375 988.8516   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat support in correction up 987.7220 Scenario for this week One move lower to 988.9967 or 971.5634 is anticipated while below 1009.2000 - 1017.9167 area. Stop loss above 1029.4033 zone. Key point 1016.4750 Entry point 1002.1445 Elliott 930.3000 Closing 1006.4300 Projection 1023.2057 Trendline 974.9675 Trendline 1021.5500 Res 2 1029.4033 Ex-High 1011.9700 Res 1 1017.9167 Pivot 1000.4833 Sup 1 988.9967 Ex-Low 983.0500 Sup 2 971.5634 1018.0720 1010.9203 987.7756 980.6239   Warning: End of trend - Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Strength can extend to 961.6000 or even 972.0334 as declines are expected to find support at 951.1667 or 940.8251. Stop Loss below 930.4834 zone. Key point 967.3099 Entry point 955.0851 Elliott 905.1800 Closing 951.3500 Projection 1042.8557 Trendline 930.3002 Trendline 955.4200 Res 2 992.7167 Ex-High 971.8500 Res 1 972.0334 Pivot 951.1667 Sup 1 930.4834 Ex-Low 930.3000 Sup 2 909.6167 1008.4294 991.9102 938.4501 921.9309   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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