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Trading Analysis 30th August 2012

ACM Gold and Forex Trading (PTY) Ltd

Resistance Levels:
$ 1669.3 - $ 1680.0 - $ 1687.4

SUPPORT LEVELS:
$ 1651.2 - $ 1643.8 - $ 1633.1

STRATEGY:
Neutral

Buying levels are $1652 and $1648. Selling levels are $1664 and $1669.

Bernanke Speech DAY 1 – very important!

U.S. unemployment claims, Price index and Personal Spending @ 1800(GMT+5)hours.

Silver
Resistance Levels:
$ 31.00 - $ 31.23 - $ 31.42

SUPPORT LEVELS:
$ 30.58 - $ 30.34 - $ 30.16

STRATEGY:
Sell on Strength

Sell in $30.80 - $30.95; put loss above $31.10, target $30.50 and $30.10.

Crude Oil
Resistance Levels:
$ 96.1 - $ 97.1 - $ 97.7

SUPPORT LEVELS:
$ 94.5 - $ 93.8 - $ 92.9

STRATEGY:
Buy on Dips

Buy above $94.40. break below this level may show $93.80 and $ 92.90.

EURO / USD :
Resistance Levels:
$ 1.2562 - $ 1.2595 - $ 1.2617

SUPPORT LEVELS:
$ 1.2507 - $ 1.2485 - $ 1.2452

STRATEGY:
Neutral

German unemployment @ 1325 (GMT+5) hours and Italian bond yield today!

AUD / USD
Resistance Levels:
$ 1.0384 - $ 1.0416 - $ 1.0435

SUPPORT LEVELS:
$ 1.0333 - $ 1.0314 - $ 1.0282

STRATEGY:
Neutral

GBP / USD :
Resistance Levels:
$ 1.5858 - $ 1.5883 - $ 1.5911

SUPPORT LEVELS:
$ 1.5805 - $ 1.5777 - $ 1.5752

STRATEGY:
Neutral

Net Individual lending @ 1400(GMT+5) hours.

Source: https://www.acmgold.com/news-analysis
Disclaimer
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