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Trading Analysis 18th September 2012

ACM Gold and Forex Trading (PTY) Ltd

GOLD
Resistance Levels:
$ 1777.0 - $ 1789.3 - $ 1799.7

SUPPORT LEVELS:
$ 1754.3 - $ 1743.9 - $ 1731.6

STRATEGY:
Sell on Strength

Short below $1768; target $1740 and $1730. A break above $1768 may call for $1776 and $1784.

Current Account @ 1800 and TIC Purchase @ 1830 (GMT+5) hours

Silver
Resistance Levels:
$ 34.80 - $ 35.41 - $ 35.91

SUPPORT LEVELS:
$ 33.72 - $ 33.28 - $ 32.65

STRATEGY:
Sell on Strength

Short below $34.30; target $33.60, and $32.90. A break above $34.30 may call for $34.90 and $35.25.

Crude Oil
Resistance Levels:
$ 99.2 - $ 101.8 - $ 104.1

SUPPORT LEVELS:
$ 94.3 - $ 92.1 - $ 89.4

STRATEGY:
Buy on Dips

Long above $94.96; if market breaks this level on the downside, reverse long positions.

AUD / USD
Resistance Levels:
$ 1.0538 - $ 1.0600 - $ 1.0642

SUPPORT LEVELS:
$ 1.0434 - $ 1.0392 - $ 1.0330

STRATEGY:
Sell on Strength

GBP / USD :
Resistance Levels:
$ 1.6277 - $ 1.6303 - $ 1.6337

SUPPORT LEVELS:
$ 1.6217 - $ 1.6183 - $ 1.6157

STRATEGY:
Sell on Strength

CPI @ 1400(GMT+5) hours

EURO / USD :
Resistance Levels:
$ 1.3164 - $ 1.3213 - $ 1.3253

SUPPORT LEVELS:
$ 1.3075 - $ 1.3035 - $ 1.2986

STRATEGY:
Sell on Strength

German ZEW Economist Sentiment @ 1430 (GMT+5) hours

Source: https://www.acmgold.com/news-analysis
Disclaimer
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