Melbourne Qindex 23:42 GMT April 20, 2012 - My Profile
EUR-Gold : Critical Point 1234.7 : Reply
Gold
Entry: Target: Stop:
EUR-Gold (1242.6) : Critical Point 1234.7
As shown in the monthly cycle directional indicator the market is under pressure when it is below the monthly cycle pivot centre at 1263.0. Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through the weekly cycle pivot centre at 1229.3.The monthly cycle frequency chart indicates that the bias is on the downside when the market closed below 1247.9.
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Eur-Gold : Monthly Cycle Charts
http://www.qindex.com/euro-gold.html