Melbourne Qindex 06:36 GMT December 18, 2011 - My Profile
GBP-GOLD : Critical Point 1004.4 : Reply
Gold
Entry: Target: Stop:
GBP-GOLD (1028.6) : Critical Point 1004.4
The market is now outside the monthly cycle normal trading range which is defined as 1047.4 - 1215.5. Sell on rallies is the preferred trading strategy. The "Monthly Cycle Directional Indicator" suggests that the market may tackle 915.3 in the next 2 months. Speculative selling pressure will increase when the market is below the critical level at 995.6 // 1004.4.
Qindex.com
http://www.youtube.com/watch?v=dZEGYpXE5B4
GBP-GOLD : Monthly Cycle Charts
http://www.qindex.com/gbp-gold.html