TECHNICAL's IN FOCUS Gold: Resistance Levels: $ 1603.70 - $1615.40 - $1633.40Support Levels: $ 1574.00 - $1556.00 - $1544.30Strategy: Buy on Dips Long above 1585, target 1602 and 1616. 1600 is a strong resistance; Short below 1602, put stop loss at 1608. Silver: Resistance Levels: $ 29.14 - $ 29.58 - $ 30.26 Support Levels: $ 28.03 - $ 27.35 - $ 26.92 Strategy: Buy on Dips Long above 28.50, target 29.45 and 30.00.If it does not break 29.00, then short and target 28.00; 29.10 is a strong resistance level. Crude Oil: Resistance Levels: $ 92.92 - $ 94.03 - $ 94.87 Support Levels: $ 90.97 - $ 90.13 - $ 89.02 Strategy: Range Trade Oil is expected to stay between 90.97 and 92.92. CURRENCIES: AUDUSD : Resistance Levels: $ 0.9890 - $ 0.9939 - $ 0.9988 Support Levels: $ 0.9792 - $ 0.9743 - $ 0.9694 Strategy: Buy on Dips GBPUSD : Resistance Levels: $ 1.5857 - $ 1.5899 - $ 1.5962 Support Levels: $ 1.5752 - $ 1.5689 - $ 1.5647 Strategy: Buy on Dips EURUSD : Resistance Levels: $ 1.2833 - $ 1.2889 - $ 1.2986 Support Levels: $ 1.2680 - $ 1.2583 - $ 1.2527 Strategy: Sell on Strength |