Trading news

Trading Analysis - 4th May 2012

Gold: 
Resistance Levels:
$ 1649.00 - $1663.10 - $1672.00

Support Levels:
$ 1626.00 - $1617.10 - $1603.00

Strategy:
Sell on Strength

Short below 1647, target 1630 and 1622. Upside penetration of 1647 could see 1655 and 1660.
U.S. Non Farm Employment Change, Unemployment Rate and Hourly Earnings all 1730 (GMT+5) hours.

Silver:
Resistance Levels:
$ 30.51 - $ 31.01 - $ 31.35

Support Levels:
$ 29.67 - $ 29.33 - $ 28.83

Strategy:
Sell on Strength
Short below 30.75, target 29.50. Upside penetration of 30.75 could see 31.00.

Crude Oil:
Resistance Levels:
$ 104.52 - $ 106.50 - $ 107.58

Support Levels:
$ 101.46 - $ 100.38 - $ 98.40

Strategy:
Range Trade
Market is likely to remain in the range of 101.46 and 104.00

CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0304 - $ 1.0346 - $ 1.0379

Support Levels:
$ 1.0229 - $ 1.0196 - $ 1.0154

Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:
$ 1.6215 - $ 1.6242 - $ 1.6271

Support Levels:
$ 1.6159 - $ 1.6130 - $ 1.6103

Strategy:
Sell on Strength

Halifax HPI at 1200 (GMT+5) hours

EURUSD :
Resistance Levels:
$ 1.3189 - $ 1.3226 - $ 1.3273
 
Support Levels:
$ 1.3105 - $ 1.3058 - $ 1.3021

Strategy:
Sell on Strength

Retail Sales at 1400(GMT+5)hours

Friday, 04 May, 2012 / 3:24

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

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