Thread: RTFX TraderTip >> XAU-USD Analysis - Monday 18 May 2009

RTFX TraderTip >> XAU-USD Analysis - 18 May 2009 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 : elongated flat correction up 938.0674 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 933.7141 or 935.7866 if support around 929.8933 hold. After which a pullback to 929.8933 - 927.7450 zone is possible. Key point 933.8850 Entry point 929.9839 Elliott 905.4000 Closing 931.4900 Projection 938.0674 Trendline 925.5608 Trendline 927.9700 Res 2 940.0833 Ex-High 934.1900 Res 1 935.7866 Pivot 929.8933 Sup 1 925.5966 Ex-Low 924.0000 Sup 2 919.7033 933.5083 930.4575 920.5845 917.5337   WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 941.7250 Scenario for this week Current rise should end around 940.8700. Objectives of this downmove are 915.4300 or 899.3700. A rise above 950.2500 is again bullish. Key point 945.1200 Entry point 929.9257 Elliott 865.0000 Closing 931.4900 Projection 967.3000 Trendline 907.6009 Trendline 932.3500 Res 2 950.2500 Ex-High 934.1900 Res 1 940.8700 Pivot 924.8100 Sup 1 915.4300 Ex-Low 908.7500 Sup 2 899.3700 941.9161 936.0204 916.9406 911.0450   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 935.7350 Scenario for this month Current fall is near an end of wave around 857.8300 zone, a rally should then procede to above 926.0000. Fall below 827.3300 would cancel this scenario. Key point 896.0000 Entry point 880.5002 Elliott 865.0000 Closing 888.3300 Projection 952.4285 Trendline 922.1177 Trendline 896.5200 Res 2 963.6700 Ex-High 933.1700 Res 1 926.0000 Pivot 895.5000 Sup 1 857.8300 Ex-Low 865.0000 Sup 2 827.3300 952.5075 933.6801 872.7501 853.9228   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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