| Entry Point | Key Level | Projection | Stop Loss | |
|---|---|---|---|---|
| Gold | 1628.8 (Buy) | 1625.0, 1631.1, 1632.7 | 1654.3 | 1622.3 |
Gold Chart (15min) - Analysis time: 00:35 am
Commentary
Fibonacci Analysis on 15min Gold Chart. Gives us some support levels, a entry point at 1628.8 need to wait for a retracement. placing stops beyond 1622.3. I will observe to see what the market does at our key levels and use my indicators to make a decision. Lets see how the market behaves. I will be posting the result soon!
Update (26 Oct 2011 time: 00:58 am) :
The market never retraced but reached our Projection level and then steady for a while before escaping to new levels. Currently the market is around 1700, I will be looking at one of my previous posts of 3rd Oct 2011 which gives an entry point. Will be posting more trades soon!
Update (26 Oct 2011 time: 00:58 am) :
The market never retraced but reached our Projection level and then steady for a while before escaping to new levels. Currently the market is around 1700, I will be looking at one of my previous posts of 3rd Oct 2011 which gives an entry point. Will be posting more trades soon!
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