RTFX TraderTip >> XAU-USD Analysis - Monday 26 October 2009

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RTFX TraderTip >> XAU-USD Analysis - 26 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 : irregular flat correction down 1046.0964 Scenario for today There is bearish potential for a fall to 1052.6750 - 1047.6168 while 1057.7334 - 1061.4751 resist. After this fall a recovery up to 1061.4751 or 1065.2168 is expected. Key point 1051.1500 Entry point 1059.4974 Elliott 1067.8500 Closing 1055.1000 Projection 1050.2500 Trendline 1057.8745 Trendline 1057.8745 Res 2 1075.3334 Ex-High 1067.8500 Res 1 1065.2168 Pivot 1057.7334 Sup 1 1047.6168 Ex-Low 1050.2500 Sup 2 1040.1334 1068.7070 1064.4280 1050.5801 1046.3011   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in an impulse wave up 1048.3521 Scenario for this week Preferred view is for a fall to 1051.5750 - 1046.0599 while 1061.6099 - 1066.1299 area resists. A clear break of 1077.1599 would be bullish. Key point 1066.3800 Entry point 1065.0211 Elliott 985.2500 Closing 1055.1000 Projection 1072.4540 Trendline 1065.7178 Trendline 1071.4801 Res 2 1077.1599 Ex-High 1068.1200 Res 1 1066.1299 Pivot 1057.0900 Sup 1 1046.0599 Ex-Low 1048.0500 Sup 2 1037.0200 1068.7700 1064.1189 1049.0669 1044.4158   Warning: Harami 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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