EURO-GOLD : Critical Point 1189.2 *LINK*

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Quote:
Originally Posted by Qindex
Melbourne Qindex 12:40 GMT December 17, 2011 - My Profile
EURO-GOLD (1226.0) : Critical Point 1189.2 : Reply
Gold
Entry: Target: Stop:

EURO-GOLD (1226.0) : Critical Point 1189.2

The market is under pressure when it is below the weekly cycle pivot centers at 1238.4 - 1267.5 - 1307.8. As shown in the monthly cycle charts speculative selling pressure will increase when the market is trading below the barrier at 1218.5 // 1219.6. A critical point is located at 1189.2.

Qindex.c

The market is going to challenge the supporting barrier at 1175.0 // 1180.2

Qindex

Euro-Gold : Monthly Cycle Charts

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