Wednesday 10 Mar 2010
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| Friday, 15 January 2010 06:42 |
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Trading Entry and Exit Analysis
Gold
Research Update for Short Trade Preparation
 Gold corrective high seems to be near a completion since daily Stochastic 8,5,5 bearish reversal followed by hourly Stochastic entering overbought area. We are waiting for possible 5,3,5 zig zag ABC correction low.
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System  ASTRONACCI © Trading System by Stocksforliving Indonesia,Ltd Momentum Daily Oscillator bearish reversal followed by hourly overbought. Pattern Possible wave 2 or B formation. Price Typical the end of wave 2 or B target around 1146 – 1152. Time Gold corrective wave target may be reach on January 15th 2010, at 0800-1000 GMT. Trading Advises Execute a short trade at Gold corrective target zone 1.146-1.152 when hourly Oscillator BEARISH REVERSAL. Set stop loss target at 1155, and take profit target 1.100 for intermediate term trader, or 1.118 for short term trader.
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 Friday, 15 January 2010 07:37 |
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