RTFX TraderTip >> XAU-USD Analysis - Wednesday 15 December 2010

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RTFX TraderTip >> XAU-USD Analysis - 15 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 : correction zigzag 1401.44 Scenario for today Resistances lie around 1402.17 and 1405.55. It should test lower towards 1389.35 zone. A clear break of 1388.00 would be bearish. Key point 1398.67 Entry point 1396.14 Elliott 1371.60 Closing 1396.10 Projection 1408.48 Trendline 1389.85 Trendline 1403.75 Res 2 1415.00 Ex-High 1408.25 Res 1 1405.55 Pivot 1398.80 Sup 1 1389.35 Ex-Low 1392.05 Sup 2 1382.60 1403.76 1398.95 1383.37 1378.56   WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 1410.76 Scenario for this week It looks more likely that it would rise to 1421.48 from 1379.17 or 1361.81. After which a downside move is expected. Key point 1393.82 Entry point 1387.52 Elliott 1329.80 Closing 1386.75 Projection 1424.60 Trendline 1373.40 Trendline 1389.80 Res 2 1456.22 Ex-High 1431.28 Res 1 1421.48 Pivot 1396.54 Sup 1 1361.81 Ex-Low 1371.60 Sup 2 1336.87 1433.29 1419.76 1375.98 1362.45   Warning: End of trend 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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