RTFX TraderTip >> XAU-USD Analysis - Tuesday 03 November 2009

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RTFX TraderTip >> XAU-USD Analysis - 3 Nov 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 : common flat correction up 1067.8500 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1063.4150 or 1067.6768 if support around 1054.7134 hold. After which a pullback to 1054.7134 - 1050.6700 zone is possible. Key point 1066.9048 Entry point 1055.1357 Elliott 1026.7500 Closing 1059.5900 Projection 1067.8500 Trendline 1044.3981 Trendline 1049.2500 Res 2 1075.7634 Ex-High 1062.8000 Res 1 1067.6768 Pivot 1054.7134 Sup 1 1046.6267 Ex-Low 1041.7500 Sup 2 1033.6633 1058.4211 1053.3586 1036.9755 1031.9131   WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1067.5844 Scenario for this week It is likely to fall towards 1028.1868 - 1010.8234 unless a corrective rally breaks the 1052.7952 resistance. Stop above 1061.4768 zone. Key point 1056.7500 Entry point 1041.7515 Elliott 1026.7500 Closing 1045.5500 Projection 1070.8000 Trendline 1060.7205 Trendline 1054.6600 Res 2 1077.4034 Ex-High 1060.0400 Res 1 1061.4768 Pivot 1044.1134 Sup 1 1028.1868 Ex-Low 1026.7500 Sup 2 1010.8234 1069.8155 1061.4202 1034.2507 1025.8554   MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : impulse wave up 1062.9369 Scenario for this month Strength can extend to 1058.1750 or 1082.0000 as declines are expected to find support at 1034.3500 or 1016.1249. A fall below 997.8999 could turn it bearish. Key point 1096.8000 Entry point 1041.4865 Elliott 905.1800 Closing 1045.5500 Projection 1095.4413 Trendline 987.1402 Trendline 1026.8000 Res 2 1118.4500 Ex-High 1070.8000 Res 1 1082.0000 Pivot 1034.3500 Sup 1 997.8999 Ex-Low 986.7000 Sup 2 950.2499 1083.0460 1066.8003 1014.2252 997.9796   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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