Trading news

Trading Analysis 6th August 2012

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

Markets are closed on account of national holiday

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.

Monday, 06 Aug, 2012 / 3:24

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

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