RTFX TraderTip >> XAU-USD Analysis - Friday 16 October 2009

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RTFX TraderTip >> XAU-USD Analysis - 16 Oct 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 : crucial reversal point Scenario for today Market should not go lower than 1048.4349 - 1042.6066. After this move down it should go up to 1058.1000 - 1061.9366 area. Key point 1047.2688 Entry point 1055.3730 Elliott 1070.8000 Closing 1050.2800 Projection 1038.6738 Trendline 1065.9182 Trendline 1061.0400 Res 2 1073.5934 Ex-High 1065.9200 Res 1 1061.9366 Pivot 1054.2633 Sup 1 1042.6066 Ex-Low 1046.5900 Sup 2 1034.9332 1068.4810 1063.9625 1049.3395 1044.8210   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : impulse wave up 1072.4540 Scenario for this week Current rise seems to be over near 1054.9001 or 1072.8035 for a retracement towards 1036.9967 - 1024.6951 area. Key point 1091.9900 Entry point 1043.2109 Elliott 985.2500 Closing 1048.2000 Projection 1072.4540 Trendline 1001.1912 Trendline 1017.1300 Res 2 1097.4067 Ex-High 1061.6000 Res 1 1072.8035 Pivot 1036.9967 Sup 1 1012.3934 Ex-Low 1001.1900 Sup 2 976.5867 1079.2739 1066.2002 1023.8906 1010.8170   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 984.0585 Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 1038.2299 or 1039.0867 if support around 992.8433 hold. After which a pullback to 992.8433 - 977.1400 zone is possible. Key point 1026.8000 Entry point 987.1402 Elliott 905.1800 Closing 1007.6800 Projection 1095.4413 Trendline 955.0851 Trendline 967.3099 Res 2 1070.4934 Ex-High 1024.2500 Res 1 1039.0867 Pivot 992.8433 Sup 1 961.4366 Ex-Low 946.6000 Sup 2 915.1933 1072.5155 1047.5251 966.6501 941.6597   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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