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Trading Analysis - 27th April 2012

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

Friday, 27 Apr, 2012 / 3:54

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

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