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Trading Analysis 30th May 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1572.9 - $1597.1 - $1610.7
Support Levels:
$ 1535.1 - $1521.5 - $1497.3
Strategy:
Sell on Strength
US Home Sales @1900(GMT+5)hours.
Short below 1563, target 1545 and 1535. Upside penetration of 1563 may call for 1571 and 1584.
Silver:
Resistance Levels:
$ 28.46 - $ 29.13 - $ 29.51
Support Levels:
$ 27.41 - $ 27.03 - $ 26.36
Strategy:
Sell on Strength
Short below 28.00, target 27.55 and 27.15. Upside penetration of 28.00 may call for 28.30 and 28.60.
Crude Oil:
Resistance Levels:
$ 91.90 - $ 93.03 - $ 93.86
Support Levels:
$ 89.94 - $ 89.11 - $ 87.98
Strategy:
Sell on Strength
Short below 90.95, target 89.80 and 89.30. Upside penetration of 90.95 may call for 91.55 and 92.20.
CURRENCIES:
EURUSD :
Resistance Levels:
$ 1.2547- $ 1.2617- $ 1.2661
Support Levels:
$ 1.2433 - $ 1.2389 - $ 1.2319
Strategy:
Sell on Strength
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ECB President Draghi Speaks @2030(GMT+5)hours.
Money Supply @1300(GMT+5)hours.
GBPUSD :
Resistance Levels:
$ 1.5694 - $ 1.5759 - $ 1.5803
Support Levels:
$ 1.5585 - $ 1.5541 - $ 1.5476
Strategy:
Sell on Strength
Net Lending @1330(GMT+5)hours.
AUDUSD :
Resistance Levels:
$ 0.9881 - $ 0.9936 - $ 0.9978
Support Levels:
$ 0.9784 - $ 0.9742 - $ 0.9687
Strategy:
Sell On Strength
Wednesday, 30 May, 2012 / 4:50
Source : http://www.acmgold.com/news-analysis
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