• Add
    Company

Trading Analysis 5th June 2012

ACM Gold and Forex Trading (PTY) Ltd

TECHNICAL's IN FOCUS

Gold:
Resistance Levels:
$ 1625.7 - $ 1637.6 - $ 1645.4

Support Levels:
$ 1606.0 - $ 1598.2 - $ 1586.3

Strategy:
Neutral

Long above 1630, target 1640 and 1648. Short below 1609, target 1602 and 1594.

ISM Non-Manufacturing PMI @1900(GMT+5)hours.

CAUTION! G7 Meetings Today

Silver:
Resistance Levels:
$ 28.47 - $ 28.93 - $ 29.19

Support Levels:
$ 27.74 - $ 27.48 - $ 27.02

Strategy:
Neutral

Long above 28.70, target 29.20 and 29.60.

Short below 28.00, target 27.60 and 27.20.

Crude Oil:
Resistance Levels:
$ 85.17 - $ 86.36 - $ 88.34

Support Levels:
$ 82.00 - $ 80.02 - $ 78.83

Strategy:
Buy on Dips

Long above 82.90, target 83.55, 85.35 and 86.70. Downside penetration of 82.90 may call for 81.20, 80.59 and 80.00.

CURRENCIES:

EURUSD :
Resistance Levels:
$ 1.2543 - $ 1.2588 - $ 1.2667

Support Levels:
$ 1.2419 - $ 1.2340 - $ 1.2295

Strategy:
Neutral

Final Services PMI @1300; Retail Sales @1400 followed by German Factory Orders @1500 (GMT+5)hours.

CAUTION! G7 Meetings Today

GBPUSD :
Resistance Levels:

$ 1.5418 - $ 1.5453 - $ 1.5492

Support Levels:

$ 1.5344 - $ 1.5305 - $ 1.5270

Strategy:
Neutral

Bank Holiday!

AUDUSD :
Resistance Levels:
$ 0.9773 - $ 0.9819 - $ 0.9892

Support Levels:
$ 0.9654 - $ 0.9581 - $ 0.9535

Strategy:
Neutral

Source: https://www.acmgold.com/news-analysis
Disclaimer
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}