Trading news

Trading Analysis 29th August 2012

GOLD
Resistance Levels:
$ 1676.2 - $ 1683.5 - $ 1692.0

SUPPORT LEVELS:
$ 1660.4 - $ 1651.9 - $ 1644.6

STRATEGY:
Sell on Strength

Short below $1674; target $1763 and $1657, put stop loss above $1677.

U.S GDP @ 1800, Pending Home Sales @ 1930 and Beige Book @ 2330 (GMT+5)hours.

 

Silver
Resistance Levels:
$ 31.06 - $ 31.26 - $ 31.55

SUPPORT LEVELS:
$ 30.57 - $ 30.28 - $ 30.08

STRATEGY:
Sell on Strength

Sell below $31.10; put loss at $31.30, target $30.30 - $29.90.

 

Crude Oil
Resistance Levels:
$ 96.74 - $ 97.34 - $ 98.18

SUPPORT LEVELS:
$ 95.34 - $ 94.54 - $ 93.94

STRATEGY:
Sell on Strength

Sell in range of $96.40 - $96.70, put loss above $97.00, target $94.50 - $93.80.

Crude Oil Inventory @ 2000(GMT+5) hours.

 

EURO / USD :
Resistance Levels:
$ 1.2605 - $ 1.2646 - $ 1.2716

SUPPORT LEVELS:
$ 1.2494 - $ 1.2424 - $ 1.2383

STRATEGY:
Sell on Strength 

 

AUD / USD
Resistance Levels:
$ 1.0395 - $ 1.0415 - $ 1.0440

SUPPORT LEVELS:
$ 1.0350 - $ 1.0325 - $ 1.0305

STRATEGY:
Sell on Strength 

 

GBP / USD :
Resistance Levels:
$ 1.5851 - $ 1.5884 - $ 1.5933

SUPPORT LEVELS:
$ 1.5769 - $ 1.5720 - $ 1.5787

STRATEGY:
Sell on Strength 

 

Wednesday, 29 Aug, 2012 / 3:49

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

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