10.05.201115:14 Forex Analysis & Reviews: GOLD. Weekly and Monthly Pivot Points, For May 09-13, 2011

Long-term review

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____WEEKLY_____
Weekly - R3 = 1674,90
Weekly - R2 = 1625,90
Weekly - R1 = 1560,80
Weekly Pivot = 1511,80
Weekly - S1 = 1446,70
Weekly - S2 = 1397,70
Weekly - S3 = 1332,60

_____MONTHLY______
Monthly - R3 = 1774,53
Monthly - R2 = 1672,06
Monthly - R1 = 11617,83
Monthly Pivot = 1515,36
Monthly - S1 = 1461,13
Monthly - S2 = 1358,66
Monthly - S3 = 1304,43

GOLD

Traders should sell short in the R1 weekly or buy long in S1 weekly, with a target in the weekly Pivot, is a viable strategy to make swing trading.

Other form of vary this strategy is to going long on S2 weekly and short R2 weekly , with a goal in S1 or R1 weekly.

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