Gold:
Resistance Levels:
$ 1643.30 - $1654.10 - $1663.90
Support Levels:
$ 1622.70 - $1612.90 - $1602.10
Strategy:
Sell on Strength
Short below 16341; target 1622. If market breaks 1643 on the upside, it may call for 1657.
U.S. Consumer Confidence and New Homes Sales at 1900 (GMT+5) hours
Silver:
Resistance Levels:
$ 31.50 - $ 32.21 - $ 32.73
Support Levels:
$ 30.26 - $ 29.74 - $ 29.03
Strategy:
Range Trade
Long at 29.90, target 31.10
Short at 31.10, target 30.26
Crude Oil:
Resistance Levels:
$ 104.10 - $ 105.00 - $ 106.20
Support Levels:
$ 101.90 - $ 100.90 - $ 99.91
Strategy:
Sell on Strength
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0367 - $ 1.0430 - $ 1.0478
Support Levels:
$ 1.0256 - $ 1.0208 - $ 1.0145
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.6140 - $ 1.6164 - $ 1.6197
Support Levels:
$ 1.6083- $ 1.6050 - $ 1.6026
Strategy:
Buy on Dips
Public Sector Net Borrowing at 1330 (GMT+5) hours
EURUSD :
Resistance Levels:
$ 1.3203 - $ 1.3259 - $ 1.3309
Support Levels:
$ 1.3097 - $ 1.3047 - $ 1.2991
Strategy:
Buy on Dips
Industrial New Orders @ 1400, Business Climate at 1800 (GMT+5) hours
Happy Trading!
