RTFX TraderTip >> XAU-USD Analysis - Friday 10 December 2010

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RTFX TraderTip >> XAU-USD Analysis - 10 Dec 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 : flat correction down 1381.73 Scenario for today One more dip to 1383.65 or 1380.00 is likely followed by a grind higher to 1390.85 - 1394.40. After which it can resume its downtrend. Key point 1383.82 Entry point 1379.78 Elliott 1431.28 Closing 1387.10 Projection 1381.73 Trendline 1383.65 Trendline 1384.75 Res 2 1401.70 Ex-High 1394.60 Res 1 1394.40 Pivot 1387.30 Sup 1 1380.00 Ex-Low 1380.20 Sup 2 1372.90 1416.38 1409.73 1388.24 1381.60   Warning: Low Zone - Harami WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 1366.01 Scenario for this week Difficult to predict next move. It should stay in a trading range between 1373.48 - 1434.13. A break of 1454.42 is needed for a continuation of up trend. Key point 1389.80 Entry point 1373.40 Elliott 1329.80 Closing 1413.85 Projection 1483.19 Trendline 1361.53 Trendline 1365.20 Res 2 1454.42 Ex-High 1414.05 Res 1 1434.13 Pivot 1393.77 Sup 1 1373.48 Ex-Low 1353.40 Sup 2 1333.12 1441.25 1422.66 1362.50 1343.91   Warning: End of trend - Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extended impulse wave up 1434.39 Scenario for this month Strength can extend to 1405.44 or 1432.00 as declines are expected to find support at 1356.01 or 1333.15. A fall below 1280.03 could turn it bearish. Key point 1420.82 Entry point 1387.00 Elliott 1157.05 Closing 1386.28 Projection 1491.54 Trendline 1355.83 Trendline 1376.10 Res 2 1477.72 Ex-High 1424.60 Res 1 1432.00 Pivot 1378.88 Sup 1 1333.15 Ex-Low 1325.75 Sup 2 1280.03 1452.43 1427.94 1348.67 1324.18   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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