Thread: RTFX TraderTip >> XAU-USD Analysis - Wednesday 03 June 2009

RTFX TraderTip >> XAU-USD Analysis - 3 Jun 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 : resistance in a triangle 988.9000 Scenario for today It should trade higher to 989.1634 while 975.6951 or 972.0134 offers support. Stop loss below 962.2267 zone. Key point 984.6812 Entry point 985.1693 Elliott 988.9000 Closing 981.8000 Projection 971.8781 Trendline 986.7382 Trendline 984.5800 Res 2 996.5267 Ex-High 986.7400 Res 1 989.1634 Pivot 979.3767 Sup 1 972.0134 Ex-Low 969.5900 Sup 2 962.2267 986.6475 981.4535 964.6444 959.4504   WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 991.4427 Scenario for this week Uptrend is still intact in a triangle configuration. It should continue to rally to 986.4847 or 992.9934 if support around 966.1967 hold. After which a pullback to 966.1967 - 959.1101 zone is possible. Key point 999.7800 Entry point 969.4116 Elliott 865.0000 Closing 978.8200 Projection 1030.5214 Trendline 939.8688 Trendline 963.4200 Res 2 1007.1667 Ex-High 980.3700 Res 1 992.9934 Pivot 966.1967 Sup 1 952.0234 Ex-Low 939.4000 Sup 2 925.2267 993.9486 984.6354 954.4956 945.1824   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 Current rise seems to be over near 979.5950 or 1012.6266 for a retracement towards 946.5633 - 929.6599 area. Key point 1058.6801 Entry point 955.0677 Elliott 865.0000 Closing 978.8200 Projection 1006.4700 Trendline 880.5002 Trendline 896.0000 Res 2 1046.4333 Ex-High 980.3700 Res 1 1012.6266 Pivot 946.5633 Sup 1 912.7566 Ex-Low 880.5000 Sup 2 846.6933 1003.0483 984.6351 925.0452 906.6320   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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