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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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