The market sentiment is risk-on today due to the vaccine optimism and [...]
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Market Insight - 2nd February 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1755.00 - $ 1775.30 - $ 1792.00
Support Levels:
$ 1728.9 - $1715.8 - $1704.5
Strategy:
Sell on Strength
(Sell gold bellow $ 1755, breaking above $1752 will lead to $ 1775 intraday and $1792 on medium basis)
Silver:
Resistance Levels:
$ 34.04 - $ 34.64 - $ 35.15
Support Levels:
$ 33.25 - $ 32.90 - $ 31.80
Strategy:
Sell on Strength
(Range trade, Sell silver below $32.80 will call for 31.50 breaking above $34.04 above will lead to $34.91)
Crude Oil:
Resistance Levels:
$ 99.75 - $ 100.30 - $ 101.30
Support Levels:
$ 96.70 - $ 95.70 - $ 94.27
Strategy:
Buy on Dips
(Buy positions above 96.70, breaking below 96.70 will call for 94.90 next target)
Thursday, 02 Feb, 2012 / 6:46
Source : http://www.acmgold.com/news-analysis
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