RTFX TraderTip >> XAU-USD Analysis - Wednesday 03 March 2010

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RTFX TraderTip >> XAU-USD Analysis - 3 Mar 2010 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 1141.10 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 1140.52 or 1143.38 if support around 1129.22 hold. After which a pullback to 1129.22 - 1124.90 zone is possible. Key point 1143.05 Entry point 1130.45 Elliott 1088.45 Closing 1134.75 Projection 1157.38 Trendline 1121.92 Trendline 1123.92 Res 2 1152.02 Ex-High 1137.85 Res 1 1143.38 Pivot 1129.22 Sup 1 1120.58 Ex-Low 1115.05 Sup 2 1106.42 1131.10 1126.07 1109.78 1104.75   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1142.31 Scenario for this week It should try higher up to 1124.02 - 1135.88. Entry point 1112.17 or 1102.72. After this rise, a correction is expected. Key point 1135.65 Entry point 1112.05 Elliott 1088.45 Closing 1117.00 Projection 1151.51 Trendline 1109.66 Trendline 1109.66 Res 2 1154.77 Ex-High 1131.05 Res 1 1135.88 Pivot 1112.17 Sup 1 1093.28 Ex-Low 1088.45 Sup 2 1069.57 1145.02 1134.45 1100.25 1089.68   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It looks set for gains to 1150.54. Supports at 1080.74 and 1063.97. A break of 1010.93 will damage this bullish structure. Key point 1179.63 Entry point 1112.05 Elliott 1044.47 Closing 1117.00 Projection 1157.00 Trendline 1106.51 Trendline 1100.10 Res 2 1184.08 Ex-High 1131.05 Res 1 1150.54 Pivot 1097.51 Sup 1 1063.97 Ex-Low 1044.47 Sup 2 1010.93 1151.81 1134.45 1078.26 1060.90   Warning: Low Zone Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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