Trading news

Trading Analysis 4th August 2012

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1611.6 - $ 1631.5 - $ 1644.1

Support Levels:
$ 1579.1-  $ 1566.5 - $ 1546.6

Strategy:
Neutral

Selling levels: $1595, $1608 & $1616, put stop loss above $1629.

 

Buying levels: $1578, $1569 & $1558, put stop loss below $1554.

 

U.S. Non Farm Employment Change & Unemployment Rate @ 1730 (IMPORTANT!) followed by Non-Manufacturing PMI @ 1930 (GMT+5) hours.

 

Silver:
Resistance Levels:
$ 27.6 - $ 28.2 - $ 28.5


Support Levels:
$ 26.7 - $ 26.3 - $ 25.8

Strategy:
Neutral

 

Selling levels: $27.40 & $27.80, put stop loss  above $28.10.

Buying levels: $26.95, $26.70 & $26.55, put stop below $26.45.

Crude Oil:
Resistance Levels:
$ 88.9 - $ 90.7 - $ 91.7

Support Levels:
$ 86.3 - $ 85.2 - $ 83.6

Strategy:

Neutral

 

Selling levels: $88.20 & $89.60, put stop loss above $90.30

 

Buying levels: $86.80 & $86.00, put stop loss below $85.00

 

 

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0550 - $ 1.0636 - $ 1.0694

Support Levels:
$ 1.0406 - $ 1.0348 - $ 1.0262

Strategy:
Neutral

GBPUSD :
Resistance Levels:

$ 1.5631 - $ 1.5748 - $ 1.5819

Support Levels:

$ 1.5443 - $ 1.5372 - $ 1.5255

Strategy:
Neutral

Service PMI @ 1330 (GMT+5) hours.

EURUSD :
Resistance Levels:

$ 1.2344 - $ 1.2510 - $ 1.2615

Support Levels:
$ 1.2073 - $ 1.1968 - $ 1.1802

Strategy:
Neutral

Retail Sales @ 1400 (GMT+5) hours.

Friday, 03 Aug, 2012 / 2:53

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

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