RTFX TraderTip >> XAU-USD Analysis - Monday 29 March 2010

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RTFX TraderTip >> XAU-USD Analysis - 29 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 : zigzag or flat correction 1114.96 Scenario for today Current rise seems to be over near 1108.73 or 1115.38 for a retracement towards 1102.08 - 1098.14 area. Key point 1115.64 Entry point 1098.89 Elliott 1085.30 Closing 1107.50 Projection 1114.96 Trendline 1088.28 Trendline 1091.75 Res 2 1123.25 Ex-High 1109.95 Res 1 1115.38 Pivot 1102.08 Sup 1 1094.20 Ex-Low 1088.78 Sup 2 1080.90 1111.25 1106.54 1091.32 1086.61   Warning: Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 1115.15 Scenario for this week It should test 1127.25 area after which a sell off down to 1091.88 or extended to 1076.27 area is expected. Key point 1117.38 Entry point 1101.34 Elliott 1085.30 Closing 1107.50 Projection 1122.19 Trendline 1113.83 Trendline 1096.02 Res 2 1125.57 Ex-High 1109.95 Res 1 1116.53 Pivot 1100.92 Sup 1 1091.88 Ex-Low 1085.30 Sup 2 1076.27 1117.52 1111.81 1093.32 1087.61   MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It should be subject to more sell off towards 1080.74 or 1063.97. Corrective upward swings should face resistance around 1180.27 area. A break of 1184.08 is bullish. Key point 1126.13 Entry point 1085.30 Elliott 1044.47 Closing 1117.00 Projection 1157.00 Trendline 1106.51 Trendline 1083.30 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 1160.63 1138.03 1064.89 1042.29   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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