| Entry Point | Key Level | Projection | Stop Loss | |
|---|---|---|---|---|
| Gold | 1777.7 (Buy) | 1772.2, 1781.8, 1783.3 | 1806.4 | 1769.8 |
Gold Analysis (15min) - Analysis time: 23:40 pm
Commentary
Fibonacci Analysis on 15min Gold Chart. Some key levels to observe and a entry level around 1777.7, going long here placing stops beyond 1769.8. A projection of 1806.4. Lets see how the market reacts to our Fibs!
Gold Chart (15min) - Result (10 Nov 2011 time: 03:00 am)
Commentary
The trade was quite successful as you can see the market retraced to our entry level of 1777.7 (blue circle on the chart above) and then going upwards to 1799.5. The market retraced again but this time a breakout (red circle on the chart above). Will be posting more trades soon!
Gold Chart (15min) - Result (10 Nov 2011 time: 03:00 am)
Commentary
The trade was quite successful as you can see the market retraced to our entry level of 1777.7 (blue circle on the chart above) and then going upwards to 1799.5. The market retraced again but this time a breakout (red circle on the chart above). Will be posting more trades soon!
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