Trading news

Trading Analysis -3rd May 2012

TECHNICAL's IN FOCUS

Gold: 
Resistance Levels:
$ 1663.30 - $1672.50 - $1681.20

Support Levels:
$ 1645.40 - $1636.70 - $1627.50

Strategy:
Range Trade

Buy Strategy: Long above 1635, target 1650.

Sell Strategy: Short below 1665, target 1648, stop loss 1672. 

U.S. Unemployment Claims; Prelim Non Farm Productivity and Labour Cost at 1730, followed by ISM Non Manufacturing PMI at 1900 (GMT+5) hours.

Silver:
Resistance Levels:
$ 31.00 - $ 31.35 - $ 31.65

Support Levels:
$ 30.35 - $ 30.06 - $ 29.70

Strategy:
Range Trade

Buy Strategy: Long at 30.06, target 31.00.

Sell Strategy: Short at 31.35, target 30.06.

Crude Oil:
Resistance Levels:
$ 105.88 - $ 106.53 - $ 107.02

Support Levels:
$ 104.74 - $ 104.25 - $ 103.60

Strategy:
Buy on Dips
Long above 104.25, target 105.75.

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0345 - $ 1.0387 - $ 1.0418

Support Levels:
$ 1.0272 - $ 1.0241 - $ 1.0199

Strategy:
Buy on Dips

GBPUSD :
Resistance Levels:
$ 1.6233 - $ 1.6274 - $ 1.6312

Support Levels:
$ 1.6154 - $ 1.6116 - $ 1.6075

Strategy:
Buy on Dips
Services PMI at 1330 (GMT+5)hours

EURUSD :
Resistance Levels:
$ 1.3216 - $ 1.3287 - $ 1.3334

Support Levels:
$ 1.3098 - $ 1.3051 - $ 1.2980

Strategy:
Buy on Dips

Minimum Bid Rate at 1645, ECB Press Conference at 1730(GMT+5)hours

Thursday, 03 May, 2012 / 4:57

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

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