| Entry Point | Key Level | Projection | Stop Loss | |
|---|---|---|---|---|
| Gold | 1770 (Sell) | 1748.4, 1753.4, 1759.9 | 1720.3 | 1780.5 |
Gold Chart (15min) - Analysis time: 01:00 am
Commentary
A Fibonnaci grid on 15min time frame. Gives us an entry point at 1770, but first observing the key levels. I will put my stops beyond 1780.5 and adjust it. Do keep an eye on the news!!
Gold Chart (15min) - Result time: 03:00
Commentary
See how the market tested our Key Level of 1748.4 and then a downward trend to 1630. Study this post with my post of Gold Daily Chart on 15 Sep 2011 to get the clear picture.
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