Trading news

Trading Analysis 23rd August 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1664.2 - $ 1672.1 - $ 1686.1

Support Levels:
$ 1642.3 - $ 1628.3 - $ 1620.4

Strategy:
Buy on Dips

Long above $1650, put stop loss below $1634,  target $1669 and $1674.

 U.S. Unemployment Claims @ 1800, Manufacturing PMI @ 1830 and New Home Sales @ 1930 (GMT+5) hours.

Silver:
Resistance Levels:
$30.0 - $ 30.3 - $ 30.7

Support Levels:
$ 29.3 - $ 28.8 - $ 28.6

Strategy:
Buy on Dips

 Long above $29.00, target $30.50 and $31.00. A break below $29.00 may show $28.60.

Crude Oil:
Resistance Levels:
$ 97.8 - $ 98.3 - $ 99.1

Support Levels:
$ 96.5 - $ 95.8 - $ 95.2

Strategy:

Neutral

Buy Strategy: Long above $97.50, put stop loss below $96.70; target $98.60  and $99.60.  Breakage below $96.70 may show $96.20 and $95.60.

Sell Strategy: Short in the range of $98.60 and $99.00.

 CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0431 - $ 1.0531 - $ 1.0597

 Support Levels:
$ 1.0265 - $ 1.0199 - $ 1.0099

 Strategy:
  Buy on Dips

 GBPUSD :
Resistance Levels:

$ 1.5919 - $ 1.5959 - $ 1.6035

Support Levels:

$ 1.5803 - $ 1.5727 - $ 1.5687

Strategy:
 Buy on Dips

BBA Mortgage Approvals @ 1400 and CBI Realized Sales @ 1530 (GMT+5) hours.

  EURUSD :
Resistance Levels:

$ 1.2567 - $ 1.2606 - $ 1.2674

Support Levels:
$ 1.2460 - $ 1.2392 - $ 1.2353

Strategy:
Buy on Dips

 French Man PMI/Services PMI @ 1230, German Man PMI/Services PMI @ 1300 (GMT+5) hours.

Thursday, 23 Aug, 2012 / 3:35

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

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