Gold (1493.4) : Weekly Cycle Analysis

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Hong Kong Qindex 13:13 GMT May 14, 2011 - My Profile
Gold : Current Comments: Reply
Gold (1493.4) : Weekly Cycle Analysis

Pivot Centers : 1479.3 - 1487.4 - 1500.8

Critical Points : 1487.1 & 1497.6

Remarks : The market is likely to consolidate within the weekly cycle pivot centers at 1479.3 - 1487.4 - 1500.8 during early period of next week. The bias is on the downside when the market closed below the critical point at 1497.6 in the New York session. Speculative selling pressure will increase when gold is trading below the weekly cycle pivot center at 1479.3.

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Gold : Monthly Cycle Charts

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