TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1629.8 - $ 1643.0 - $ 1660.2
Support Levels:
$ 1599.4 - $ 1582.2 - $ 1569.0
Strategy:
Sell on Strength
Sell below $1624 targeting 1606. A break above $1624 will call for $1640.
US Bank Holiday Today!
Silver:
Resistance Levels:
$ 28.657 - $ 29.078 - $ 29.712
Support Levels:
$ 27.602 - $ 26.968 - $ 26.547
Strategy:
Sell on Strength
Short below $28.44 targeting $27.17. A break above $28.44 will call for $29.11.
Crude Oil:
Resistance Levels:
$ 89.40 - $ 91.08 - $ 94.11
Support Levels:
$ 84.69 - $ 81.66 - $ 79.98
Strategy:
Sell on Strength
Short below $88.01 targeting $85.28. A break above $88.01 will call for $90.15.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0308 - $ 1.0336 - $ 1.0375
Support Levels:
$ 1.0241 - $ 1.0202 - $ 1.0174
Strategy:
Buy on Dips
GBPUSD :
Resistance Levels:
$ 1.5775- $ 1.5846 - $ 1.5980
Support Levels:
$ 1.5570 - $ 1.5436 - $ 1.5368
Strategy:
Sell on Strength
Services PMI @ 1330 (GMT + 5)
EURUSD :
Resistance Levels:
$ 1.2636 - $ 1.2666 - $ 1.2705
Support Levels:
$ 1.2567 - $ 1.2528 - $ 1.2498
Strategy:
Sell on Strength
Retail Sales @ 1400, Final Services PMI @1300 (GMT + 5)