BoC Abandons Hike Bias, Riksbank’s Turn to Decide on Policy
The Canadian dollar slid yesterday, after the BoC fully abandoned its hiking [...]
Trading news
Trading Analysis - 6th March 2012
TECHNICAL's IN FOCUS
GOLD
Resistance Levels:
$ 1716.5 - $ 1729.0 - $ 1740.1
Support Levels:
$ 1692.9 - $1681.8 - $1669.3
Strategy:
Sell on strength
(Sell Below $1720 targeting $1682. A break above $1720 will call for $1744.)
SILVER
Resistance Levels:
$ 34.58 - $ 35.46 - $ 35.97
Support Levels:
$ 33.18- $ 32.67 - $ 31.79
Strategy:
Sell on Strength
Sell below $34.55 targeting $32.96. A break above $34.55 will call for $35.63.
CRUDE OIL
Resistance Levels:
$ 107.59 - $ 108.47 - $ 109.51
Support Levels:
$ 105.67 - $ 104.63 - $ 103.75
Strategy:
Sell on Strength
Sell below $107.26 targeting $104.63. Above $107.26 will call for $109.02.
Tuesday, 06 Mar, 2012 / 5:41
Source : http://www.acmgold.com/news-analysis
Trading news
Bank of Canada doubles down on dovishness
Summary: USDCAD soared to 1.3519 from 1.3440, despite a surge in WTI oil [...]
Gold is falling on positive economic news
Gold continues to lose ground. Its spot price has already dropped below $1270 [...]
