Thread: RTFX TraderTip >> XAU-USD Analysis - Friday 10 September 2010

RTFX TraderTip >> XAU-USD Analysis - 10 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 : elongated flat correction down 1233.79 Scenario for today Market should not go lower than 1243.10 - 1237.80. After this move down it should go up to 1251.38 - 1254.35 area. Key point 1236.77 Entry point 1248.79 Elliott 1262.75 Closing 1243.75 Projection 1233.79 Trendline 1259.00 Trendline 1255.25 Res 2 1264.95 Ex-High 1259.00 Res 1 1254.35 Pivot 1248.40 Sup 1 1237.80 Ex-Low 1242.45 Sup 2 1231.85 1259.47 1256.17 1245.51 1242.21   WEEKLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 1268.40 Scenario for this week Currently uptrend should end around 1258.83 - 1257.08 area. A correction down to below 1234.38 is expected. A rise above 1267.29 will abort the expected correction. Key point 1258.45 Entry point 1250.65 Elliott 1157.05 Closing 1246.86 Projection 1287.42 Trendline 1234.12 Trendline 1253.75 Res 2 1267.29 Ex-High 1254.80 Res 1 1257.08 Pivot 1244.59 Sup 1 1234.38 Ex-Low 1232.10 Sup 2 1221.89 1265.41 1258.77 1237.28 1230.64   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS XAU-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 1265.30 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 1301.20 Entry point 1230.96 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 1271.85 1256.38 1206.32 1190.85   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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