Tuesday, May 20, 2008

gold 19-23 may weekly report

gold on hourly scale need to be conosolidaton before any upwave.not too mouch down..any delline is buying opertunity for next coming days..long term bullish--PIVOT , LOWER TARGET AND UPER TARGET VALID ONLY FOR CURR..ENT WEEK ONLY ---------------------
UPWAVE(4-5) WUT3 : --945
UPWAVE(2-3) WUT2 : --934
UPWAVE(0-1) WUT1: --917
WUT= WEEKLY UPER TARGET
++++(906.33) PRICE IS BULLISH ABOVE WEEKLY PIVOT POINT--------
----(899.77) PRICE IS BEARISH BELOW WEEKLY PIVOT POINT--------
WLT= WEEKLY LOWER TARGETDOWN
WAVE(0-1) WLT1 : ---889DOWN
WAVE(2-3) WLT2 : : ---872
DOWN WAVE(4-5) WLT3 : ---861