Hong Kong Qindex 02:44 GMT September 8, 2011 - My Profile
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Gold
Entry: Target: Stop:

Gold : The market is still under pressure when it is trading below the weekly cycle pivot centers at 1848.7 - 1853.1 - 1878.7 which are marked in pink colour as shown in the webpage of the monthly cycle charts.

Monthly Cycle Directional Indicator : [1676.9] - 1717.7 - [1766.0] - 1833.7 - 1847.0 -1848.7 - 1853.1 - 1875.8 1878.7 - 1906.3 - 1971.1 - [1997.0]

Daily Cycle Projected Series (1817.3) : 1733.6* - 1753.9 - 1774.3* ... 1794.7 - 1815.1* - 1835.5 - 1845.7 // 1855.8* - 1866.0 - 1876.2 - 1886.4 - 1896.6* - 1906.8 - [1917.0] - 1927.2 - 1937.4* - 1947.6 - 1957.7 - 1967.9 - 1978.1* // 1988.3 - 1998.5 - 2018.9* - 2039.3 ...

The daily cycle projected series indicates that the market is tackling the barrier at 1845.7 // 1855.8. A supporting range is expected at 1774.3* ... 1794.7.

Neutral Range : 1794.8 - 1853.9

(Buy at low and sell at high is the preferred trading strategy when the market is trading within the neutral range. A stop and reverse order can also be considered).

Downside Targeting Points : 1785.3 - 1810.2

Upside Targeting Points : 1850.2 - 1860.8

Qindex.com

http://www.youtube.com/watch?v=dZEGYpXE5B4

Gold : Monthly Cycle Charts
http://www.qindex.com/gc.html