TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1667.50 - $1674.50 - $1687.00
Support Levels:
$ 1648.00 - $1635.50 - $1628.50
Strategy:
Sell on Strength
Short below 1662, target 1652 & 1644. An upside penetration of 1662 may call for 1672 & 1681.
U.S. GDP at 1730 followed by Consumer Sentiment at 1855 (GMT+5) hours
Silver:
Resistance Levels:
$ 31.45 - $ 31.69 - $ 32.11
Support Levels:
$ 30.78 - $ 30.36 - $ 30.12
Strategy:
Buy on Dips
Long above 30.50, stop loss at 29.90, target 31.28 & 31.90. If market breaks 30.50, it may call for 29.50.
Crude Oil:
Resistance Levels:
$ 105.03 - $ 105.52 - $ 106.11
Support Levels:
$ 103.95 - $ 103.36 - $ 102.87
Strategy:
Sell on Strength
Short below 104.9, stop loss at 105.20, target 103.90 & 103.20. Upside penetration of 105.2 may call for 105.60 & 106.20.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0394 - $ 1.0419 - $ 1.0442
Support Levels:
$ 1.0346 - $ 1.0323 - $ 1.0298
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.6201 - $ 1.6227 - $ 1.6249
Support Levels:
$ 1.6153- $ 1.6131 - $ 1.6105
Strategy:
Buy on Dips
EURUSD :
Resistance Levels:
$ 1.3242 - $ 1.3295 - $ 1.3328
Support Levels:
$ 1.3156 - $ 1.3123 - $ 1.3070
Strategy:
Range Trade
Breakout from 1.2994-1.3385 is needed to confirm upside market.
French Consumer Spending @ 1145 (GMT+5) hours followed by Italian 10-year bond today
