Melbourne Qindex 13:04 GMT April 21, 2012 - My Profile
GBP-GOLD (1017.9) : Critical Point 1027.8 : Reply
Gold
Entry: Target: Stop:
GBP-GOLD (1017.9) : Critical Point 1027.8
The bias is on the downside when the market is below the critical barrier at 1023.1 // 1027.8. Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through 1007.3. The weekly cycle pivot centres are positioning at 980.2 - 999.6 - 1025.6.
Qindex.com
http://www.youtube.com/watch?v=dZEGYpXE5B4&feature=channel&list=UL
GBP-GOLD : Monthly Cycle Charts
http://www.qindex.com/gbp-gold.html