TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1616.4 - $ 1629.2 - $ 1648.5
Support Levels:
$ 1584.3- $ 1565.0 - $ 1552.2
Strategy:
Neutral
SELLERS: Short below 1610 – 1614, put stop loss at 1618, target 1601 and 1591. Upside breakage of 1618 may show 1624 and 1634.
BUYERS: Long above 1594, target 1610 and 1620. Downside breakage of 1694 may show 1586 and 1578.
U.S. durable goods orders and unemployment claims at 1800; pending homes sales at 1930(GMT+5) hours.
Silver:
Resistance Levels:
$ 27.6 - $ 27.9 - $ 28.4
Support Levels:
$ 26.8 - $ 26.5 - $ 26.1
Strategy:
Sell on Strength
Sell below $27.40-45, targeting $27.05 and $26.80, put stop loss at 27.50.
Crude Oil:
Resistance Levels:
$ 89.9 - $ 90.9 - $ 92.5
Support Levels:
$ 87.4 - $ 85.9 - $ 84.9
Strategy:
Neutral
Oil is expected to trade in the range of 86.90 and 89.20. buy on lower levels, short on higher levels.
Downside breakage of 86.90 may show 85.50.
Upside breakage of 89.20 may show 90.50.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0370 - $ 1.0433 - $ 1.0530
Support Levels:
$ 1.0210 - $ 1.0113 - $ 1.0050
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5547- $ 1.5595 - $ 1.5640
Support Levels:
$ 1.5454 - $ 1.5409 - $ 1.5361
Strategy:
Sell on Strength
EURUSD :
Resistance Levels:
$ 1.2200 - $ 1.2242 - $ 1.2316
Support Levels:
$ 1.2084 - $ 1.2010 - $ 1.1968
Strategy:
Sell on Strength
Money supply at 1330 followed by ECB President Draghi speech at 1500 (GMT+5) hours