Pergerakan Emas Seterusnya (23-08-2009)

Gold ST: caution
Our pivot point stands at 910.

Our preference: As long as 910 is not broken down, we favour an upmove with 960 and then 973 as next targets.

Alternative scenario: A break below 910 would not invalidate the medium-term bullish configuration, but the index could decline towards its next support at 880.

Comment: Daily indicators are positive but lack momentum, we are cautious.

Trend: ST limited decline; MT bullish.

Supports and resistances:
1000 ***
973 **
960 ***
953 last
910 **
880 **
850 ***

Kemana Pergerakan Emas Seterusnya (17082009)

GOLD (Spot) intraday: Under pressure

Pivot: 950.90

Our Preference: SHORT positions @ 948 with targets @ 940 & 935.

Alternative scenario: The upside penetration of 950.9 will call for a rebound towards 960.4 & 972.

Comment: the false breakout of 950.9 is a negative signal that has opened a path to 930.

Trend: ST Ltd downside; MT Bullish

Key levels Comment

972** Intraday resistance
960.4** Intraday resistance
950.9** Intraday pivot point
942 Last
940*** Intraday support
935** Intraday support
930*** Intraday support

Kemana Pergerakan Emas Seterusnya (14082009)

Pivot: 944.50

Our Preference: LONG positions @ 947 with targets @ 952.4 & 957.3.

Alternative scenario: The downside breakout of 944.5 will open the way to 940 & 932.5.

Comment: the immediate trend remains up and the momentum is strong.

Trend: ST Ltd upside; MT Bullish

Key levels Comment

962.5* Fib retracement (50%)
957.3*** Intraday resistance
952.4** Intraday resistance
951 Last
944.5*** Intraday pivot point
940** Intraday support
932.5*** Intraday support

Pergerakkan Emas seterusnya...(11082009)

Analysis for M30 to H1:

Have two conditions..uptrend or downtrend???

Pivot: 948.80

Our Preference: LONG positions above 948.8 with 962.5 & 967.5 as next targets.

Alternative scenario: The downside penetration of 948.8 will call for a slide towards 943.4 & 940.

Comment: the 948.8 key support (50% retracement) is expected to favour a recovery.

Trend: ST Ltd upside; MT Bullish

Key levels Comment

972* Intraday resistance

967.5** Intraday resistance

962.5** Intraday resistance

956.05 Last

948.8*** Intraday pivot point

943.4** Fib retracement (61.8%)

940** Intraday support

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