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Trading Analysis 27th July 2012

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.

Friday, 27 Jul, 2012 / 4:56

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

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