TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1624.5 - $ 1632.8 - $ 1643.5
Support Levels:
$ 1605.5- $ 1594.8 - $ 1586.5
Strategy:
Buy on Dips
Long above $1605-$1608, put stop loss below $1597, target $1619-$1624. Downside penetration of $1597 may show $1589-$1585.
U.S. UoM Consumer Sentiment @ 1855 (GMT+5) hours.
Silver:
Resistance Levels:
$28.3 - $ 28.5 - $ 28.9
Support Levels:
$ 27.7 - $ 27.4 - $ 27.2
Strategy:
Buy on Dips
Long above $227.80-$28.00, put stop loss below $28.600, target $28.30-$28.60. A break below $27.60 may show $27.40 - $27.30.
Crude Oil:
Resistance Levels:
$ 96.0 - $ 96.7 - $ 97.8
Support Levels:
$ 94.1 - $ 93.1 - $ 92.3
Strategy:
Neutral
Oil is likely to trade in the range of $93.90 and $ 96.60.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0532 - $ 1.0554 - $ 1.0583
Support Levels:
$ 1.0481 - $ 1.0452 - $ 1.0430
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5756 - $ 1.5780 - $ 1.5816
Support Levels:
$ 1.5696 - $ 1.5660 - $ 1.5636
Strategy:
Sell on Strength
EURUSD :
Resistance Levels:
$ 1.2398 - $ 1.2442 - $ 1.2513
Support Levels:
$ 1.2283 - $ 1.2212 - $ 1.2168
Strategy:
Sell on Strength
Current Account @ 1300 (GMT+5) hours.