Monday 19 September 2011

Trade Alerts by Fibonacci - 19 Sep 2011 (13:45 pm)


Entry PointKey LevelProjectionStop Loss
Gold1803.3 (Buy)1797.8, 1807.1, 1809.11843.01788.1, 1794.5














Gold Chart (15min) - Analysis time: 13:30 pm

Commentary
Fibonacci grid on 15min time frame shows some interesting levels. I will set my alarms around the key levels and wait for the market to retrace. I will buy around 1803.3 and also adjust my stops. thanks!!
















Gold Chart (15min) - Result time: 17:28

Commentary
Hi!, a breakout occurred as I have circled on the graph. Market broke all our support levels. Market is volatile and still finding its range. Always wait for the market to retrace, test the fibonacci level or break it and then let it comes back, thats the ideal situation.

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