TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1615.1 - $ 1623.2 - $ 1636.5
Support Levels:
$ 1593.7- $ 1580.4 - $ 1572.3
Strategy:
Buy on Dips
Long above $1593, put stop loss below $1583, target $1611, $1618 & $1629. A fall below $1593 may call for $1585.
U.S. Fed Chairman Bernanke to speak @1800 (GMT+5) hours (IMPORTANT!)
Silver:
Resistance Levels:
$ 28.11 - $ 28.46 - $ 29.02
Support Levels:
$ 27.21 - $ 26.65 - $ 26.30
Strategy:
Buy on Dips
Long above $27.35, put stop loss below $27.05, target $28.02 & $28.40. A fall below $27.35 may call for $27.05 & $26.80.
Crude Oil:
Resistance Levels:
$ 93.01 - $ 94.63 - $ 97.52
Support Levels:
$ 88.50 - $ 85.61 - $ 83.99
Strategy:
Sell on Strength
Short below $91.70, put stop loss above $92.00, target $90.90 & $ 89.12.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0520 - $ 1.0596 - $ 1.0624
Support Levels:
$ 1.0416 - $ 1.0388 - $ 1.0312
Strategy:
Sell on Strength
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GBPUSD :
Resistance Levels:
$ 1.5694 - $ 1.5751 - $ 1.5847
Support Levels:
$ 1.5441 - $ 1.5445 - $ 1.5388
Strategy:
Sell on Strength
Halifax HPI m/m@ 1230 (GMT+5) hours.
EURUSD :
Resistance Levels:
$ 1.2462 - $ 1.2539 - $ 1.2688
Support Levels:
$ 1.2236 - $ 1.2087 - $ 1.2010
Strategy:
Sell on Strength
Sentix Investor Confidence @ 1400 (GMT+5) hours.