Trading news

Trading Analysis 2nd August 2012

TECHNICAL's IN FOCUS

Gold: 
Resistance Levels:
$ 1618.4 - $ 1633.5 - $ 1645.2

Support Levels:
$ 1591.5- $ 1579.9 - $ 1564.8

Strategy:
Buy on Dips

Note:
Long above $1593-$1595, put stop loss below $1590, target $1605, $1615 & $1621. Unemployment claims @1800, Factory Orders @1930


Silver:
Resistance Levels:
$ 27.8 - $ 28.4 - $ 28.8

Support Levels:
$ 26.9 - $ 26.5 - $ 25.9

Strategy:
Buy on Dips

Note:
Long above $27.05-$27.10, put stop loss at $26.90, target $27.50, $27.80 & $28.05.


Crude Oil: 
Resistance Levels:
$ 89.7 - $ 90.5 - $ 91.6

Support Levels:
$ 87.7 - $ 86.6 - $ 85.8

Strategy:
Neutral

Note:
Selling levels: $89.60 - $ 90.50. A break below 89.60 may show $88.60. Buying levels: $86.90 - $87.40. A break above $87.40 may show $88.60. 




CURRENCIES

AUDUSD: 
Resistance Levels:
$ 1.0517 - $ 1.0576 - $ 1.0611

Support Levels:
$ 1.0423 - $ 1.0388 - $ 1.0329

Strategy:
Neutral


GBPUSD: 
Resistance Levels:
$ 1.5640 - $ 1.5744 - $ 1.5800

Support Levels:
$ 1.5480 - $ 1.5424 - $ 1.5320

Strategy:
Neutral

Note:
Construction PMI @ 1400, Asset purchase facility & Official bank rate @ 1630(GMT+5) hours, MPC Rate statement.


EURUSD: 
Resistance Levels:
$ 1.2300 - $ 1.2377 - $ 1.2418

Support Levels:
$ 1.2182 - $ 1.2141 - $ 1.2064

Strategy:
Neutral

Note:
Spanish Unemployment Change @ 1230 Spanish 10-y Bond, Minimum bid rate @ 1715, ECB Press Conference @ 1800 (GMT+5) hours.

Thursday, 02 Aug, 2012 / 2:20

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

Trading news

 

Stocks as Money – Is a New Standard on the Horizon

In recent months we’ve seen a number of unique monetary policies [...]

Posted on Thursday, 03 Dec, 2020 / 12:26 under

WTI Crude Oil Losing The 45.00 Handle

Oil prices are trading weaker on Tuesday. The declines come despite the US [...]

Posted on Wednesday, 02 Dec, 2020 / 12:56 under

GBPUSD Attempts To Break The Trend Line

The British pound sterling is posting strong gains on the back of a weaker [...]

Posted on Wednesday, 02 Dec, 2020 / 12:55 under