Trading news

Trading Analysis 5th September 2012

GOLD
Resistance Levels:
$ 1704.3 - $ 1709.9 - $ 1718.3

SUPPORT LEVELS:
$ 1690.3 - $ 1681.9 - $ 1676.3

STRATEGY:
Buy on Dips

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

U.S. Non Farm Productivity @ 1800 (GMT+5) hours.

Silver
Resistance Levels:
$ 32.7 - $ 33.0 - $ 33.6

SUPPORT LEVELS:
$ 31.8 - $ 31.2 - $ 30.9

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.


Crude Oil
Resistance Levels:
$ 97.0 - $ 98.3 - $ 99.4

SUPPORT LEVELS:
$ 94.6 - $ 93.6 - $ 92.2

STRATEGY:
Buy on Dips

Long above $ $94.40; target 96.60 and $97.00 . A fall below $94.40 may show $93.90 and $93.20. 

EURO / USD :
Resistance Levels:
$ 1.2610 - $ 1.2655 - $ 1.2682

SUPPORT LEVELS:
$ 1.2538 - $ 1.2511 - $ 1.2466

STRATEGY:
Sell on Strength

Retail Sales @1430 (GMT+5) hours and German 10-year bond auction (tentative) 

GBP / USD :
Resistance Levels:
$ 1.5897 - $ 1.5925 - $ 1.5944

SUPPORT LEVELS:
$ 1.5850 - $ 1.5831 - $ 1.5803

STRATEGY:
Sell on Strength

AUD / USD
Resistance Levels:
$ 1.0269 - $ 1.0314 - $ 1.0341

SUPPORT LEVELS:
$ 1.0197 - $ 1.0170 - $ 1.0125

STRATEGY:
Sell on Strength 

Wednesday, 05 Sep, 2012 / 3:07

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

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