TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1590.5 - $ 1615.1 - $ 1628.1
Support Levels:
$ 1552.9 - $ 1539.9 - $ 1515.3
Strategy:
Buy on Dips
Buy above $1564 targeting $1586. A fall below $1564 will call for $1550.
Trade Balance @ 1730 10-yr Bond Auction @ 2200 (GMT + 5)
Caution: FOMC Meeting Minutes @ 2300 (GMT + 5)
Silver:
Resistance Levels:
$ 27.32 - $ 27.88 - $ 28.19
Support Levels:
$ 26.45 - $ 26.14 - $ 25.58
Strategy:
Buy on Dips
Buy above $26.73 targeting $27.36. A fall below $26.73 will call for $26.11.
Crude Oil:
Resistance Levels:
$ 85.43 - $ 86.84 - $ 87.73
Support Levels:
$ 83.13 - $ 82.24 - $ 80.83
Strategy:
Buy on Dips
Buy above $83.64 targeting $86.41. A fall below $83.64 will call for $82.09.
CAUTION: Crude Oil Inventories @ 1930 (GMT + 5)
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0236 - $ 1.0282 - $ 1.0320
Support Levels:
$ 1.0152 - $ 1.0114 - $ 1.0068
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5552- $ 1.5586 - $ 1.5623
Support Levels:
$ 1.5481 - $ 1.5444 - $ 1.5410
Strategy:
Buy on Dips
EURUSD :
Resistance Levels:
$ 1.2310 - $ 1.2371 - $ 1.2408
Support Levels:
$ 1.2212 - $ 1.2175 - $ 1.2114
Strategy:
Buy on Dips
German 10-yr Bond Auction All day