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| Sunday, 24 January 2010 02:32 |
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Trading Entry and Exit Analysis
GOLD
![]() Gold multi week correction should be near completion since Wave c was approaching its minimum target following by bearish oversold in daily oscillator. The 4 hourly chart oscillator were ready to performs a bullish reversal. Wave C, itself, was subdivide into 5 wave. Amazingly both of wave C (Major) and wave 5 (minor) target are meet by coincidental. This indicates that area will be a significant support for short term. Traders should consider to exit last week short position to protect their profit and switch to long trade, when price and time meet for reversal.
Price will climb for wave 4 then continue fall to finish wave 5 target. It will take at least 3-4 days to reach wave 5 target. The highest probability trading come up with wave 5 low target. |
| Last Updated on Monday, 25 January 2010 03:55 |
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| Asian Currencies | |||||
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| USDCNY | |||||