GOLD TRADING ENTRY EXIT ANALYSIS - Trading Consultant | Securities | Research

Monday 06 Feb 2012

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Sunday, 24 January 2010 02:32

Trading Entry and Exit Analysis

GOLD

Comment

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.

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System

ASTRONACCI © Trading System by Stocksforliving Indonesia,Ltd

Momentum

Bearish Oversold oscillator in daily meet with bullish reversal on intraday time frame will make trend sideway to up for the next few days.

Pattern

Wave C was subdivided into 5 waves, and now should be ready to climb for wave 4 (minor).

Price

Wave 4 corrective high target is approximately at 1.114-1.116 and the end of wave 5 target sharply at minimum target of wave C ( Major ) at 1.062 - 1.067.

Trading Advises

Go long at the end of wave 5 and C, ignore wave 4 corrective high target.

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.

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