TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1583.3 - $ 1593.7 - $ 1601.8
Support Levels:
$ 1564.8- $ 1556.7 - $ 1546.3
Strategy:
Buy on Dips
Buy above $1567 targeting $1588. A break below $1567 will call for $1551.
Unemployment Claims @ 1730, Existing Home sales @ 1900, Philly Fed Manufacturing Index @ 1900 (GMT + 5)
Silver:
Resistance Levels:
$ 27.363 - $ 27.602 - $ 27.858
Support Levels:
$ 26.868 - $ 26.612 - $ 26.373
Strategy:
Buy on Dips
Buy above $26.90 targeting $27.70. A break below $26.90 will call for $26.33.
Crude Oil:
Resistance Levels:
$ 90.47 - $ 90.98 - $ 91.92
Support Levels:
$ 89.02 - $ 88.08 - $ 87.57
Strategy:
Buy on Dips
Buy above $89.16 targeting $91.50. A break below $89.16 will call for $87.80.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0395 - $ 1.0426 - $ 1.0480
Support Levels:
$ 1.0310 - $ 1.0256 - $ 1.0225
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5685- $ 1.5720 - $ 1.5772
Support Levels:
$ 1.5598 - $ 1.5546 - $ 1.5511
Strategy:
Buy on Dips
Retail Sales @ 1330 (GMT + 5)
EURUSD :
Resistance Levels:
$ 1.2321 - $ 1.2358 - $ 1.2411
Support Levels:
$ 1.2231 - $ 1.2178 - $ 1.2141
Strategy:
Buy on Dips
Current Account @ 1300 (GMT + 5)