| Entry Point | Key Level | Projection | Stop Loss | |
|---|---|---|---|---|
| Gold | 1740.0 (Buy) | 1731.7, 1744.3, 1750.0 | 1799.8 | 1723.4 |
Gold Chart (15min) - Analysis time: 01:20 am
Commentary
A Fibonacci Analysis on a 15min Gold Chart. Gives us an entry level of 1740.0, will be looking to go long here placing my stops beyond 1723.4. Projection of 1799.8. A close eye on key levels as these levels were respected in the past. I will wait for a retracement to my confluence zone and then take a decision. Lets see how the market reacts. Will be posting the result soon!
Update (08 Nov 2011 time: 23:34) :
Our projection level of 1799.8 was met today, but the market has changed. Our level of 1740 still holds.
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