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Trading Analysis 14th May 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1595.50 - $1606.90 - $1618.70
Support Levels:
$ 1572.30 - $1560.50 - $1549.10
Strategy:
Sell on Strength
Short below 1590, put stop loss at 1605 and target 1672 and 1664.
Silver:
Resistance Levels:
$ 29.18 - $ 29.48 - $ 29.87
Support Levels:
$ 28.50 - $ 28.11 - $ 27.81
Strategy:
Sell on Strength
Short below 29.1 with targets @ 28.38 and 28.1.
Crude Oil:
Resistance Levels:
$ 97.03 - $ 97.94 - $ 98.67
Support Levels:
$ 95.39 - $ 94.66 - $ 93.75
Strategy:
Buy on Dips
Long above 95.50, target 96.50.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0060 - $ 1.0102 - $ 1.0124
Support Levels:
$ 0.9996 - $ 0.9974 - $ 0.9932
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.6118 - $ 1.6170 - $ 1.6199
Support Levels:
$ 1.6037 - $ 1.6008 - $ 1.5956
Strategy:
Sell on Strength
EURUSD :
Resistance Levels:
$ 1.2946 - $ 1.2978 - $ 1.2999
Support Levels:
$ 1.2893 - $ 1.28720 - $ 1.2840
Strategy:
Sell on Strength
Industrial Production at 1400 (GMT+5) hours followed by Italian 10-y Bond Auction today
Monday, 14 May, 2012 / 6:27
Source : http://www.acmgold.com/news-analysis
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