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Gold (GC, COMEX) : Critical Resistance 894.0
Posted By: Qindex
Date: Sunday, 11 May 2008, at 12:08 a.m.
Gold (GC, COMEX) : Critical Resistance 894.0
Normal Lower Limits : 730.1* - 777.1 - 801.9
Lower Mid-Point Reference : 782.8* - 824.3 - 855.9
Weekly Cycle Pivot Centers : (835.5*) - (871.6) - (910.8)
Upper Mid-Point Reference : 888.2* - 918.9 - 965.8
Normal Upper Limits : 940.9* - 966.1 - 1020.7Weekly Cycle Congested Area : 654.8 - 715.0 - 775.3 - (835.5 - 895.7) - 955.9 - 1016.2
Remarks : The market is stable when it is consolidating within the weekly cycle pivot centers at (835.5*) - (871.6) - (910.8). Speculative buying interest will increase when the market is trading above the weekly cycle pivot center at (910.8). The weekly cycle congested area indicates that the odds are in favor of maintaining a long position when the market is trading above 895.7.
Gold (GC, COMEX) : Monthly Cycle Charts
http://www.qindex.com/gc.html
Albert Cheung (Ph.D.)
Gold (GC, COMEX) : Monthly Cycle Charts
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