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RTFX TraderTip >> XAU-USD Analysis - 3 Sep 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 : impulse wave up 1259.16

Scenario for today

Currently uptrend should end around 1252.84 - 1255.12 area. A correction down to below 1245.22 is expected. A rise above 1259.23 will abort the expected correction.
Key point 1254.00
Entry point 1250.68
Elliott 1232.10
Closing 1251.00
Projection 1259.16
Trendline 1248.64
Trendline 1249.28
Res 2 1259.23
Ex-High 1253.45
Res 1 1255.12
Pivot 1249.33
Sup 1 1245.22
Ex-Low 1243.55
Sup 2 1239.43

1253.18
1250.08
1240.07
1236.98
 
Warning: Harami


WEEKLY TECHNICAL ANALYSIS XAU-USD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : irregular flat correction up 1256.64

Scenario for this week

Difficult to predict next move. It should stay in a trading range between 1217.63 - 1251.38. A break of 1264.66 is needed for a continuation of up trend.
Key point 1253.75
Entry point 1234.12
Elliott 1157.05
Closing 1238.09
Projection 1287.42
Trendline 1226.64
Trendline 1226.64
Res 2 1264.66
Ex-High 1244.20
Res 1 1251.38
Pivot 1230.91
Sup 1 1217.63
Ex-Low 1210.45
Sup 2 1197.16

1258.22
1249.50
1221.28
1212.56
 
Warning: Engulfing pattern


MONTHLY TECHNICAL ANALYSIS XAU-USD
       
Scenario Technical points Supports / Resistances Channels & Oscillator
Elliott : flat correction up 1257.40

Scenario for this month

It should trade higher to 1273.40 while 1224.05 or 1211.07 offers support. Stop loss below 1198.10 zone.
Key point 1310.70
Entry point 1234.52
Elliott 1157.05
Closing 1247.45
Projection 1265.30
Trendline 1174.70
Trendline 1192.35
Res 2 1299.35
Ex-High 1250.00
Res 1 1273.40
Pivot 1224.05
Sup 1 1198.10
Ex-Low 1174.70
Sup 2 1148.75

1265.90
1252.40
1208.70
1195.20
 
Warning: Low Zone



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