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RTFX TraderTip >> XAU-USD Analysis - 28 Apr 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 : elongated flat correction up 1177.60

Scenario for today

Currently uptrend should end around 1170.43 - 1178.45 area. A correction down to below 1151.95 is expected. A rise above 1188.90 will abort the expected correction.
Key point 1176.40
Entry point 1159.37
Elliott 1131.85
Closing 1168.00
Projection 1177.60
Trendline 1157.56
Trendline 1157.56
Res 2 1188.90
Ex-High 1172.85
Res 1 1178.45
Pivot 1162.40
Sup 1 1151.95
Ex-Low 1146.35
Sup 2 1135.90

1168.33
1162.85
1145.10
1139.62
 
Warning: End of trend - Engulfing pattern


WEEKLY TECHNICAL ANALYSIS XAU-USD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : support in a triangle up 1141.49

Scenario for this week

It may attempt a test higher to 1156.62 - 1167.48 after which weakness may set it to a drift down to below 1134.38 limit.
Key point 1168.65
Entry point 1146.35
Elliott 1124.05
Closing 1156.10
Projection 1197.91
Trendline 1157.15
Trendline 1144.60
Res 2 1178.87
Ex-High 1157.15
Res 1 1167.48
Pivot 1145.77
Sup 1 1134.38
Ex-Low 1124.05
Sup 2 1112.67

1174.21
1165.00
1135.20
1125.99
 


MONTHLY TECHNICAL ANALYSIS XAU-USD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : crucial reversal point

Scenario for this month

It is a triangle configuration. Market should break either side. Acceleration should occur above 1145.00 or under 1085.30 limits.
Key point 1145.24
Entry point 1125.47
Elliott 1044.47
Closing 1113.25
Projection 1226.55
Trendline 1085.30
Trendline 1126.13
Res 2 1174.22
Ex-High 1145.00
Res 1 1143.73
Pivot 1114.52
Sup 1 1084.03
Ex-Low 1085.30
Sup 2 1054.82

1177.61
1158.93
1098.47
1079.79
 



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