USD Holds Steady Ahead Of Fed Meeting
The US dollar posted strong gains on Tuesday as the two-day FOMC meeting got [...]
Trading news
Trading Analysis - 5th March 2012
TECHNICAL's IN FOCUS
GOLD
Resistance Levels:
$ 1722.45 - $ 1732.92 - $ 1741.75
Support Levels:
$ 1703.15 - $1694.32 - $1683.85
Strategy:
Buy on Dips
(Buy above 1702, target 1728 & 1742. If it doesn't break 1728, market may come down to 1712 & 1702. Market below 1702 will lead to 1682.)
SILVER
Resistance Levels:
$ 35.37 - $ 35.99 - $ 36.50
Support Levels:
$ 34.24- $ 33.73 - $ 33.11
Strategy:
Buy on Dips
(Buy above 34.30, target 35.60. Downward penetration of 34.00 will lead to 33.05 & 32.50)
CRUDE OIL
Resistance Levels:
$ 107.94 - $ 110.08 - $ 111.16
Support Levels:
$ 104.72 - $ 103.64 - $ 101.50
Strategy:
Buy on Dips
(Buy above 106.20, target 107.30 & 108.60. Downward penetration of 105.80 will lead to 104.80.)
Monday, 05 Mar, 2012 / 7:26
Source : http://www.acmgold.com/news-analysis
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