Trading news

Trading Analysis 17th August 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1624.5 - $ 1632.8 - $ 1643.5

Support Levels:
$ 1605.5-  $ 1594.8 - $ 1586.5

Strategy:
Buy on Dips

Long above $1605-$1608, put stop loss below $1597,  target $1619-$1624. Downside penetration of $1597 may show $1589-$1585. 

 U.S. UoM Consumer Sentiment @ 1855 (GMT+5) hours.

Silver:
Resistance Levels:
$28.3 - $ 28.5 - $ 28.9


Support Levels:
$ 27.7 - $ 27.4 - $ 27.2

Strategy:
Buy on Dips

 Long above $227.80-$28.00, put stop loss below $28.600, target $28.30-$28.60. A break below $27.60 may show $27.40 - $27.30.

Crude Oil:
Resistance Levels:
$ 96.0 - $ 96.7 - $ 97.8

Support Levels:
$ 94.1 - $ 93.1 - $ 92.3

Strategy:

Neutral

 Oil is likely to trade in the range of $93.90 and $ 96.60. 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0532 - $ 1.0554 - $ 1.0583

 

Support Levels:
$ 1.0481 - $ 1.0452 - $ 1.0430

 Strategy:
  Sell on Strength

 GBPUSD :
Resistance Levels:

$ 1.5756 - $ 1.5780 - $ 1.5816

Support Levels:

$ 1.5696 - $ 1.5660 - $ 1.5636

Strategy:
 Sell on Strength

  EURUSD :
Resistance Levels:

$ 1.2398 - $ 1.2442 - $ 1.2513

Support Levels:
$ 1.2283 - $ 1.2212 - $ 1.2168

Strategy:
Sell on Strength

 Current Account @ 1300 (GMT+5) hours.

Friday, 17 Aug, 2012 / 3:45

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

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