Melbourne Qindex 22:06 GMT December 28, 2011 - My Profile
Gold : Critical Point 1561.9 : Reply
Gold
Entry: Target: Stop:
Gold : Critical Point 1561.9
The market is under pressure when it is below the critical point at 1561.9. It is likely that the market will consolidate within the monthly cycle matrix system at 1496.1 - 1547.3 - 1592.6. It is now working on the the projected series of the " Monthly Cycle Reference / Normal Lower Limits" : 1403.3 - 1424.6 - 1424.7 - 1465.3 - 1473.2 - [1496.1] - 1501.0 - 1530.1 - [1532.6] - [1547.3] - 1561.9 - 1617.9. Speculative selling pressure will increase when gold is trading below 1530.1.
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Gold : Monthly Cycle Charts
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