Trading news

Trading Analysis 2nd July 2012

Gold:
Resistance Levels:
$ 1624.2 - $ 1644.3 - $ 1680.7

Support Levels:
$ 1567.7 - $ 1531.3 - $ 1511.2

Strategy:
Sell on Strength

Sell below 1606.00 targeting 1573. A break above 1606 will call for 1622.

 

ISM Manufacturing PMI @1900 (GMT + 5)

Silver:
Resistance Levels:
$ 28.263 - $ 28.914 - $ 29.913


Support Levels:
$ 26.613 - $ 25.614 - $ 24.963

Strategy:
Sell on Strength

Sell below 27.91 targeting 26.50. A break above 27.91 will call for 28.60.

 

Crude Oil:
Resistance Levels:
$ 87.44 - $ 89.92 - $ 94.50

Support Levels:
$ 80.38 - $ 75.80 - $ 73.32

Strategy:
Sell on Strength

Sell below 85.29 targeting 81.00. A break above 85.29 will call for 87.08.

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0324 - $ 1.0409 - $ 1.0563

Support Levels:
$ 1.0085 - $ 0.9931 - $ 0.9846

Strategy:
Sell on Strength

 

GBPUSD :
Resistance Levels:

$ 1.5775- $ 1.5846 - $ 1.5980

Support Levels:

$ 1.5570 - $ 1.5436 - $ 1.5368

Strategy:
Sell on Strength

Manufacturing PMI @ 1330 (GMT + 5)

EURUSD :
Resistance Levels:

$ 1.2761 - $ 1.2857 - $ 1.3022

Support Levels:
$ 1.2500 - $ 1.2335 - $ 1.2239

Strategy:
Sell on Strength

Unemployment rate @ 1400, Italian Manufacturing PMI @ 1245 (GMT+5)

Monday, 02 Jul, 2012 / 3:05

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

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