Trading news

Trading Analysis 3rd September 2012

GOLD
Resistance Levels:
$ 1709.7 - $ 1726.8 - $ 1758.1

SUPPORT LEVELS:
$ 1661.3 - $ 1630.0 - $ 1612.9

STRATEGY:
Buy on Dips

Long above $1680; target $1695, $1700 and $1705.

U.S. Bank Holiday.

Silver
Resistance Levels:
$ 32.3 - $ 32.8 - $ 33.8

SUPPORT LEVELS:
$ 30.7 - $ 29.7 - $ 29.2

STRATEGY:
Buy on Dips

Long above $31.20; target $31.90 and $32.30. 

Crude Oil
Resistance Levels:
$ 97.5 - $ 98.4 - $ 99.8

SUPPORT LEVELS:
$ 95.0 - $ 93.6 - $ 92.6

STRATEGY:
Buy on Dips

Long above $ 94.80; target 96.70 and $97.30. 

 

EURO / USD :
Resistance Levels:
$ 1.2643 - $ 1.2712 - $ 1.2787

SUPPORT LEVELS:
$ 1.2499 - $ 1.2424 - $ 1.2355

STRATEGY:
Sell on Strength

ECB President Draghi speaks @ 1900(GMT+5) hours. 

GBP / USD :
Resistance Levels:
$ 1.5915 - $ 1.5965 - $ 1.6043

SUPPORT LEVELS:
$ 1.5796 - $ 1.5727 - $ 1.5677

STRATEGY:
Sell on Strength

Manufacturing PMI @ 1400(GMT+5) hours.

AUD / USD
Resistance Levels:
$ 1.0362 - $ 1.0397 - $ 1.0439

SUPPORT LEVELS:
$ 1.0285 - $ 1.0243 - $ 1.0208

STRATEGY:
Sell on Strength

Monday, 03 Sep, 2012 / 4:38

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

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