| Entry Point | Key Level | Projection | Stop Loss | |
|---|---|---|---|---|
| Gold | 1683.6 (Sell) | 1679.1, 1689.1 | 1645.2 | 1698.2 |
Gold Chart (15min) - Analysis time: 23:50 pm
Commentary
A Fibonacci Analysis on 15min Gold Chart. Gives us an entry level of 1683.6, will be looking to go short here with stops beyond 1698.2. Also observing the key levels. Our projetion is 1645.2. Lets see how the market reacts to our levels.
Update (14 Dec 2011 time: 14:50 pm):
Well, the market came close to one of our key levels of 1679.1, then a downtrend. The market has changed and is in a new range now. Will be posting more trades soon.
Update (14 Dec 2011 time: 14:50 pm):
Well, the market came close to one of our key levels of 1679.1, then a downtrend. The market has changed and is in a new range now. Will be posting more trades soon.
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