TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1624.1 - $ 1633.5 - $ 1645.4
Support Levels:
$ 1602.8- $ 1590.9 - $ 1581.5
Strategy:
Neutral
SELLERS: Short below 1624 – 1626, put stop loss at 1630, target 1609 and 1600.
BUYERS: Long above 1601 - 1605, put stop loss below 1594, target 1624 and 1634.
U.S. advanced GDP at 1730; consumer sentiment 1855(GMT+5) hours.
Silver:
Resistance Levels:
$ 27.8 - $ 28.1 - $ 28.3
Support Levels:
$ 27.2 - $ 26.9 - $ 26.6
Strategy:
Neutral
Long above 27.25 – 27.35, put stop loss below 27.05, target 27.70 and 28.05. Downside breakage of 27.05 may show 26.80 and 26.60.
Crude Oil:
Resistance Levels:
$ 90.5 - $ 91.7 - $ 92.9
Support Levels:
$ 88.1 - $ 86.9 - $ 85.7
Strategy:
Buy on Dips
Long above 88.00, target 89.40 and 89.60. Downside breakage of 88.00 may show 87.40 and 86.90.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0448 - $ 1.0501 - $ 1.0579
Support Levels:
$ 1.0317 - $ 1.0239 - $ 1.0186
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5783- $ 1.5879 - $ 1.5036
Support Levels:
$ 1.5530 - $ 1.5373 - $ 1.5277
Strategy:
Buy on Dips
EURUSD :
Resistance Levels:
$ 1.2368 - $ 1.2455 - $ 1.2580
Support Levels:
$ 1.2156 - $ 1.2031 - $ 1.1944
Strategy:
Buy on Dips
Spanish unemployment rate at 1200 (GMT+5) hours; German Prelim CPI - All Day.