Trading news

Trading Analysis - 24th April 2012

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!

Tuesday, 24 Apr, 2012 / 3:48

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

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