Trading news

Trading Analysis 4th September 2012

GOLD
Resistance Levels:
$ 1699.7 - $ 1704.4 - $ 1710.5

SUPPORT LEVELS:
$ 1688.9 - $ 1682.8 - $ 1678.1

STRATEGY:
Buy on Dips

Long above $1685; target $1700, and $1710. A break below $1685 may show $1680 and $1675.

U.S. ISM Manufacturing PMI @ 1930 (GMT+5) hours.

Silver 

Resistance Levels:
$ 32.4 - $ 32.8 - $ 33.2

SUPPORT LEVELS:
$ 31.6 - $ 31.2 - $ 30.8

STRATEGY:
Buy on Dips

Long above $31.70; target $32.30, $32.50 and $32.90. a break below $31.70 may show $31.20. � te � 8b� inor-latin;mso-ansi-language:EN-US;mso-fareast-language: EN-US;mso-bidi-language:AR-SA'>

U.S. ISM Manufacturing PMI @ 1930 (GMT+5) hours.

Crude Oil
Resistance Levels:
$ 97.5 - $ 98.0 - $ 98.8

SUPPORT LEVELS:
$ 96.3 - $ 95.5 - $ 94.9

STRATEGY:
Buy on Dips

Long above $ $96.00-$96.60; target 97.70 and $98.05 and put stop loss below $95.50

EURO / USD :
Resistance Levels:
$ 1.2614 - $ 1.2638 - $ 1.2665

SUPPORT LEVELS:
$ 1.2563 - $ 1.2536 - $ 1.2512

STRATEGY:
Buy on Dips

GBP / USD :
Resistance Levels:
$ 1.5904 - $ 1.5926 - $ 1.5953

SUPPORT LEVELS:
$ 1.5855 - $ 1.5828 - $ 1.5806

STRATEGY:
Range Trade

Construction PMI @ 1400(GMT+5) hours.

AUD / USD
Resistance Levels:
$ 1.0286 - $ 1.0326 - $ 1.0353

SUPPORT LEVELS:
$ 1.0219 - $ 1.0192 - $ 1.0152

STRATEGY:
Sell on Strength

Tuesday, 04 Sep, 2012 / 4:56

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

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