RTFX TraderTip >> XAU-USD Analysis - Friday 07 May 2010

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RTFX TraderTip >> XAU-USD Analysis - 7 May 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 : impulse wave up 1222.75 Scenario for today Current rise seems to be over near 1210.10 or 1222.57 for a retracement towards 1197.63 - 1190.70 area. Key point 1225.30 Entry point 1200.40 Elliott 1156.75 Closing 1208.70 Projection 1236.35 Trendline 1172.70 Trendline 1188.65 Res 2 1236.43 Ex-High 1211.50 Res 1 1222.57 Pivot 1197.63 Sup 1 1183.77 Ex-Low 1172.70 Sup 2 1158.83 1204.48 1197.39 1174.43 1167.34   Warning: High Zone - Imminent end of bullish move WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 1152.26 Scenario for this week If market stays below 1180.18 a fall to 1162.43 is expected. If market breaks the point 1191.45 it could reach the sky. Key point 1173.10 Entry point 1165.30 Elliott 1124.05 Closing 1178.50 Projection 1226.12 Trendline 1146.35 Trendline 1168.65 Res 2 1204.40 Ex-High 1181.85 Res 1 1191.45 Pivot 1168.90 Sup 1 1155.95 Ex-Low 1146.35 Sup 2 1133.40 1210.63 1196.68 1151.55 1137.60   MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1213.26 Scenario for this month Difficult to predict next move. It should stay in a trading range between 1132.82 - 1203.02. A break of 1227.53 is needed for a continuation of up trend. Key point 1201.85 Entry point 1164.11 Elliott 1044.47 Closing 1178.50 Projection 1226.55 Trendline 1125.47 Trendline 1145.24 Res 2 1227.53 Ex-High 1181.85 Res 1 1203.02 Pivot 1157.33 Sup 1 1132.82 Ex-Low 1111.65 Sup 2 1087.13 1215.99 1196.68 1134.20 1114.89   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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