RTFX TraderTip >> XAU-USD Analysis - Thursday 18 November 2010

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RTFX TraderTip >> XAU-USD Analysis - 18 Nov 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 1328.68 Scenario for today It may meet resistance in 1336.12 - 1337.42 zone for a drift down to 1329.81 zone, after which bounce to 1343.73 is anticipated. Key point 1321.88 Entry point 1327.20 Elliott 1417.90 Closing 1336.12 Projection 1310.29 Trendline 1339.20 Trendline 1323.19 Res 2 1351.34 Ex-High 1345.03 Res 1 1343.73 Pivot 1337.42 Sup 1 1329.81 Ex-Low 1331.10 Sup 2 1323.49 1375.27 1367.39 1341.91 1334.03   Warning: Harami WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 1323.46 Scenario for this week While below 1370.70 or 1384.35 it could fall towards below 1344.10 or 1319.75. After which a corrective/consolidation activity is expected to 1396.52 zone. Key point 1329.30 Entry point 1376.95 Elliott 1424.60 Closing 1368.45 Projection 1315.50 Trendline 1352.00 Trendline 1394.25 Res 2 1448.95 Ex-High 1424.60 Res 1 1408.70 Pivot 1384.35 Sup 1 1344.10 Ex-Low 1360.00 Sup 2 1319.75 1418.03 1400.77 1344.90 1327.64   Warning: End of trend MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a zigzag correction 1319.43 Scenario for this month One move lower to 1313.68 or 1269.57 is anticipated while below 1372.58 - 1394.63 area. Stop loss above 1431.47 zone. Key point 1376.10 Entry point 1355.83 Elliott 1157.05 Closing 1357.80 Projection 1491.54 Trendline 1309.82 Trendline 1375.95 Res 2 1431.47 Ex-High 1387.35 Res 1 1394.63 Pivot 1350.52 Sup 1 1313.68 Ex-Low 1306.40 Sup 2 1269.57 1433.76 1405.98 1316.07 1288.29   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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