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| Monday, 11 January 2010 02:11 |
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Trading Entry and Exit Analysis
Gold
![]() An upside movement to 1.136 opens a big chance for Gold to back to 1.190- 1.200 level this week. But we also must aware to a complex correction (Wide sideways) that may forms in this phase. For sure we see a high probability upside target at least till 1.150 – 1.160. When price succeed reaches and close above that level it indicates that 1.198 level will be touched. Long trade is safer than Short trade.
System ASTRONACCI © Trading System by Stocksforliving Indonesia,Ltd
Momentum Daily oscillator bullish not over bought, Intraday oscillator almost reach the extreme area, price will sideways to up in the next few trading hours on Monday. Pattern The end of wave C and possible to break the latest peak around 1.220 for wave 5 : 3 if complex correction not appears. Price If price choose to forms a complex correction the upside will be ended around 1.190- 1.198, If not it may records a new high. Time The price may reaches its target around 11 – 12 January 2010. Trading Advise We have plot the upside range from 1.136 to 1.150 then 1.198. Trade only a long position when intraday oscillator hourly (Stoch 8,5,5) bullish reversal. Before Daily oscillator entering overbought area every decline in hourly is buying opportunity. Do not execute long trade when intraday oscillator at overbought area.
Analyst Certification:
The views expressed in this research report accurately reflect the analyst’s personal views about any and all of the subject securities or issuers; and no part of the research analyst’s compensation was, is, or, will be, directly, indirectlyrelated to the specific recommendations or views expressed in the report.
Stocksforliving Indonesia,Ltd ©2008 All rights reserved. Except as specifically permitted, no part of this presentation may be reproduced or distributed in any manner without the prior written permission of Stocksforliving Indonesia,Ltd.
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| Last Updated on Monday, 11 January 2010 02:53 |
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