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Trading Analysis 10th August 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1623.2 - $ 1626.5 - $ 1632.0

Support Levels:
$ 1614.4-  $ 1608.9 - $ 1605.6

Strategy:
Buy on Dips

Long above $1600, target $1624. A fall below $1600 may call for $1582.

 

U.S. Import Price @ 1800 & Federal Budget @2330 (GMT+5) hours.

Silver:
Resistance Levels:
$ 28.22 - $ 28.38 - $ 28.57


Support Levels:
$ 27.87 - $ 27.68 - $ 27.52

Strategy:
Sell on Strength

 

Short below $28.25, target $27.50. A break above $28.25 may call for $28.70.

Crude Oil:
Resistance Levels:
$ 94.14 - $ 94.75 - $ 95.28

Support Levels:
$ 93.00 - $ 92.47 - $ 91.86

Strategy:

Sell on Strength

 

Short below $94.23, target $90.56. A break above $94.23 may call for $96.23.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0610 - $ 1.0641 - $ 1.0670

Support Levels:
$ 1.0550 - $ 1.0521 - $ 1.0490

Strategy:
Sell on Strength

 

GBPUSD :
Resistance Levels:

$ 1.5678 - $ 1.5721 - $ 1.5758

Support Levels:

$ 1.5598 - $ 1.5561 - $ 1.5518

Strategy:
Buy on Dips

 

PPI Input @ 1400 (GMT+5) hours.

EURUSD :
Resistance Levels:

$ 1.2371 - $ 1.2439 - $ 1.2491

Support Levels:
$ 1.2251 - $ 1.2199 - $ 1.2131

Strategy:
Buy on Dips

French Industrial Production @ 1215( GMT+5) hours.

Friday, 10 Aug, 2012 / 2:41

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

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