TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1620.40 - $ 1635.90 - $ 1647.40
Support Levels:
$ 1593.40 - $ 1581.90 - $ 1566.40
Strategy:
Buy on Dips
Buy above $1596.05 targeting $1623. A break below $1596.05 will call for $1580.
Non- farm employment change @1730, Unemployment rate @ 1730, Average hourly earnings @ 1730 (GMT + 5)
Silver:
Resistance Levels:
$ 28.195 - $ 28.730 - $ 29.080
Support Levels:
$ 27.310 - $ 26.960 - $ 26.425
Strategy:
Buy on Dips
Buy above $27.17 targeting $28.58. A break below $27.17 will call for $26.10.
Crude Oil:
Resistance Levels:
$ 88.35 - $ 89.91 - $ 90.83
Support Levels:
$ 85.87 - $ 84.95 - $ 83.39
Strategy:
Buy on Dips
Buy above $85.40 targeting $90.00. A break below $85.40 will call for $82.13.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0329 - $ 1.0372 - $ 1.0416
Support Levels:
$ 1.0242 - $ 1.0198 - $ 1.0155
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5595- $ 1.5670 - $ 1.5718
Support Levels:
$ 1.5472 - $ 1.5424 - $ 1.5349
Strategy:
Buy on Dips
PPI Input @1330, PPI Output@ 1330 (GMT + 5)
EURUSD :
Resistance Levels:
$ 1.2497 - $ 1.2605 - $ 1.2672
Support Levels:
$ 1.2322 - $ 1.2255 - $ 1.2147
Strategy:
Buy on Dips
German Industrial Production @ 1500 (GMT + 5)