RTFX TraderTip >> XAU-USD Analysis - Monday 19 April 2010

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RTFX TraderTip >> XAU-USD Analysis - 19 Apr 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 : extended impulse wave down 1123.86 Scenario for today Market should not go lower than 1133.32 - 1124.25. After this move down it should go up to 1148.53 - 1154.65 area. Key point 1127.65 Entry point 1149.07 Elliott 1162.10 Closing 1136.50 Projection 1123.86 Trendline 1160.60 Trendline 1159.78 Res 2 1172.80 Ex-High 1160.55 Res 1 1154.65 Pivot 1142.40 Sup 1 1124.25 Ex-Low 1130.15 Sup 2 1112.00 1162.17 1157.16 1140.95 1135.94   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It looks more likely that it would rise to 1160.75 - 1185.00 from 1133.33 or 1121.20. After which a downside move is expected. Key point 1123.07 Entry point 1146.39 Elliott 1169.70 Closing 1136.50 Projection 1117.54 Trendline 1139.60 Trendline 1145.10 Res 2 1185.00 Ex-High 1169.70 Res 1 1160.75 Pivot 1145.45 Sup 1 1121.20 Ex-Low 1130.15 Sup 2 1105.90 1167.21 1158.04 1128.38 1119.22   Warning: End of trend MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It looks more likely that it would rise to 1143.73 - 1174.22 from 1099.28 or 1084.03. After which a downside move is expected. Key point 1145.24 Entry point 1125.48 Elliott 1044.47 Closing 1113.25 Projection 1226.55 Trendline 1085.30 Trendline 1126.13 Res 2 1174.22 Ex-High 1145.00 Res 1 1143.73 Pivot 1114.52 Sup 1 1084.03 Ex-Low 1085.30 Sup 2 1054.82 1175.54 1157.35 1098.48 1080.29   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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