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Trading Analysis 22nd August 2012

TECHNICAL's IN FOCUS

Gold: 
Resistance Levels: 
$ 1649.2 - $ 1657.8 - $ 1672.0

Support Levels: 
$ 1603.6- $ 1612.2 - $ 1626.4

Strategy: 
Neutral

Buy strategy:

Long in $1632 - $1635, target $1641 - $1647; put stop loss below $1626. 

Sell strategy:

Sell in $1641 - $1647, target $1620 - $1626; put stop  loss above $1660.

 Alert - FOMC Statement today!

Silver:
Resistance Levels: 
$ 29.6 - $ 29.9 - $ 30.4


Support Levels:
$ 27.9 - $ 28.2 - $ 28.7

Strategy: 
Neutral

Buy strategy:

Buy in $29.00 - $29.20, target $29.50 and $29.90; put stop loss below $28.60. 

Sell strategy:

Sell in $29.00 - $29.20 , target $28.60 and $28.30 ; put stop loss above $29.30.

Crude Oil: 
Resistance Levels: 
$ 97.9 - $ 98.7 - $ 99.7

Support Levels:
$ 94.3 - $ 95.2 - $ 96.1

Strategy:

Neutral 

 Buy strategy:

Buy above $96.40, target $97.80 and $98.60.

Sell strategy:

Sell below $97.90, target $96.20 and $95.00.

 

Thursday, 23 Aug, 2012 / 3:34

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

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