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RTFX TraderTip >> XAU-USD Analysis - Friday 03 July 2009
RTFX TraderTip >> XAU-USD Analysis - 3 Jul 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 : flat correction down 923.5000
Scenario for today
While above 928.2351 - 923.6968 zone a corrective upmove could test 935.8351 or 938.8967. After which it should resume its downtrend.
Key point
927.1350
Entry point
933.3065
Elliott
946.5900
Closing
929.8200
Projection
923.5000
Trendline
927.1161
Trendline
928.2250
Res 2
947.9733
Ex-High
941.8500
Res 1
938.8967
Pivot
932.7734
Sup 1
923.6968
Ex-Low
926.6500
Sup 2
917.5734
946.6364 942.0101
927.0380 922.4116
Warning: Harami
WEEKLY TECHNICAL ANALYSIS XAU-USD
Scenario
Technical points
Supports / Resistances
Channels & Oscillator
Elliott : common flat correction up 948.5700
Scenario for this week
It should trade higher to 954.8033 or above 969.3567 in extention. Supports at 926.7400 and 919.4633. Stop loss below 898.6766 zone.
Key point
933.7700
Entry point
923.5012
Elliott
913.2300
Closing
940.2500
Projection
948.5700
Trendline
932.8004
Trendline
932.8004
Res 2
969.3567
Ex-High
948.5700
Res 1
954.8033
Pivot
934.0167
Sup 1
919.4633
Ex-Low
913.2300
Sup 2
898.6766
956.6075 947.5802
918.3656 909.3383
Warning: Engulfing pattern
MONTHLY TECHNICAL ANALYSIS XAU-USD
Scenario
Technical points
Supports / Resistances
Channels & Oscillator
Elliott : crucial reversal point
Scenario for this month
It looks more likely that it would rise to 973.4366 - 1020.3734 from 919.8650 or 896.3966. After which a downside move is expected.
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