Trading news

Trading Analysis - 30th April 2012

TECHNICAL's IN FOCUS

Gold: 
Resistance Levels:
$ 1671.80 - $1678.70 - $1689.10

Support Levels:
$ 1654.50 - $1644.10 - $1637.20

Strategy:
Sell on Strength

Short below 1669, target 1652, stop loss 1676.
U.S. Core Price Index, Personal Spending at 1730, followed by Chicago PMI at 1645(GMT+5) hours.

Silver:
Resistance Levels:
$ 31.60 - $ 31.70 - $ 32.10

Support Levels:
$ 31.10 - $ 30.80 - $ 30.60

Strategy:
Buy on Dips

Long above 30.90, target 31.40 & 31.90, stop loss at 30.50.

Crude Oil: 
Resistance Levels:
$ 105.40 - $ 105.80 - $ 106.60

Support Levels:
$ 104.10 - $ 103.30 - $ 102.90

Strategy:
Sell on Strength

Short below 105.20, target 104.10 & 103.50.

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0511 - $ 1.0552 - $ 1.0632

Support Levels:
$ 1.0390 - $ 1.0310 - $ 1.0269

Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:
$ 1.6312 - $ 1.6358 - $ 1.6439

Support Levels:
$ 1.6185- $ 1.6104 - $ 1.6058

Strategy:
Sell on Strength


EURUSD :
Resistance Levels:
$ 1.3291 - $ 1.3360 - $ 1.3404

Support Levels:
$ 1.3178 - $ 1.3110 - $ 1.3065

Strategy:
Sell on Strength

Euro Money Supply @ 1300 followed by Euro CPI @ 1400 (GMT+5) hours

Monday, 30 Apr, 2012 / 5:11

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

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