RTFX TraderTip >> XAU-USD Analysis - Thursday 21 October 2010

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RTFX TraderTip >> XAU-USD Analysis - 21 Oct 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 : correction zigzag 1350.98 Scenario for today It should test 1360.50 area after which a sell off down to 1335.53 or extended to 1324.92 area is expected. Key point 1353.33 Entry point 1340.34 Elliott 1328.50 Closing 1346.15 Projection 1350.98 Trendline 1352.13 Trendline 1333.25 Res 2 1357.82 Ex-High 1347.20 Res 1 1351.98 Pivot 1341.37 Sup 1 1335.53 Ex-Low 1330.75 Sup 2 1324.92 1372.86 1365.89 1343.32 1336.35   Warning: Harami WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week While below 1378.10 - 1390.68 it is more likely to fall further towards 1354.60 or 1343.68. Premature rise above 1390.68 could see it rising above 1412.52 zone. Key point 1362.85 Entry point 1375.10 Elliott 1387.35 Closing 1368.85 Projection 1319.77 Trendline 1341.76 Trendline 1368.85 Res 2 1412.52 Ex-High 1387.35 Res 1 1390.68 Pivot 1365.52 Sup 1 1343.68 Ex-Low 1340.35 Sup 2 1318.52 1395.68 1381.22 1334.43 1319.97   Warning: End of trend - Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 1370.18 or 1337.43 if support around 1287.14 hold. After which a pullback to 1287.14 - 1272.71 zone is possible. Key point 1375.95 Entry point 1309.82 Elliott 1157.05 Closing 1308.57 Projection 1399.10 Trendline 1230.14 Trendline 1299.00 Res 2 1366.29 Ex-High 1316.00 Res 1 1337.43 Pivot 1287.14 Sup 1 1258.28 Ex-Low 1236.85 Sup 2 1207.99 1376.42 1351.68 1271.62 1246.88   Warning: High Zone - 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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