TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1584.8 - $ 1593.8 - $ 1605.2
Support Levels:
$ 1564.4- $ 1553.0 - $ 1544.0
Strategy:
Sell on Strength
Short below $1582-84, targeting $1567 and $1561, put stop loss at $1594. A break above $1594 may call for $1601 and $1611.
Silver:
Resistance Levels:
$ 27.3 - $ 27.6 - $ 28.9
Support Levels:
$ 26.6 - $ 26.2 - $ 25.9
Strategy:
Sell on Strength
Sell below $27.25-35, targeting $26.80 and $26.50. A break above $27.50 will call for $27.90 and 28.20.
Crude Oil:
Resistance Levels:
$ 90.5 - $ 92.9 - $ 94.2
Support Levels:
$ 86.7 - $ 85.5 - $ 83.0
Strategy:
Buy on Dips
Long above $87.40, targeting $88.90 and $89.90. A fall below $87.40 may show a downtrend.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0334 - $ 1.0411 - $ 1.0456
Support Levels:
$ 1.0212 - $ 1.0167 - $ 1.0090
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5591- $ 1.5677 - $ 1.5730
Support Levels:
$ 1.5452 - $ 1.5399 - $ 1.5313
Strategy:
Sell on Strength
EURUSD :
Resistance Levels:
$ 1.2151 - $ 1.2186 - $ 1.2228
Support Levels:
$ 1.2074 - $ 1.2032 - $ 1.1997
Strategy:
Sell on Strength