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Trading Analysis 24th August 2012

ACM Gold and Forex Trading (PTY) Ltd

GOLD

Resistance Levels:
$ 1682.0 - $ 1691.0 - $ 1705.0

SUPPORT LEVELS:
$ 1659.0 - $ 1645.0 - $ 1636.0

STRATEGY:
Buy on Dip

Long above $1656, put stop loss below $1647, target $1674 and $1680.

Silver
Resistance Levels:
$ 30.9 - $ 31.4 - $ 31.9

SUPPORT LEVELS:
$ 29.9 - $ 29.3 - $ 28.8

STRATEGY:
Buy on Dip

Long above $30.0, target $31.0 and $31.5.

Crude Oil
Resistance Levels:
$ 97.6 - $ 99.2 - $ 100.1

SUPPORT LEVELS:
$ 95.1 - $ 94.1 - $ 92.6

STRATEGY:
Buy on Dip

Long above $95.60, target $97.60 and $98.20. A break below $95.60 may show $94.0.

CURRENCIES

AUD / USD
Resistance Levels:
$ 1.0511 - $ 1.0582 - $ 1.0620

SUPPORT LEVELS:
$ 1.0402 - $ 1.0364 - $ 1.0293

STRATEGY:
Sell on Strength

GBP / USD :
Resistance Levels:
$ 1.5896 - $ 1.5931 - $ 1.5951

SUPPORT LEVELS:
$ 1.5841 - $ 1.5821 - $ 1.5786

STRATEGY:
Sell on Strength

EURO / USD :
Resistance Levels:
$ 1.2594 - $ 1.2625 - $ 1.2660

SUPPORT LEVELS:
$ 1.2528 - $ 1.2493 - $ 1.2462

STRATEGY:
Sell on Strength

Source: https://www.acmgold.com/news-analysis
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