TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1620.1 - $ 1625.8 - $ 1633.2
Support Levels:
$ 1607.0- $ 1599.6 - $ 1593.9
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 today (IMPORTANT!)
Silver:
Resistance Levels:
$ 28.9 - $ 28.1 - $ 28.3
Support Levels:
$ 27.6 - $ 27.3 - $ 27.2
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:
$ 92.7 - $ 93.3 - $ 94.4
Support Levels:
$ 91.0 - $ 89.9 - $ 89.3
Strategy:
Sell on Strength
Short below $91.70, put stop loss above $92.00, target $90.90 & $ 89.12.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0595 - $ 1.0622 - $ 1.0652
Support Levels:
$ 1.0538 - $ 1.0508 - $ 1.0481
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.5662 - $ 1.5723 - $ 1.5781
Support Levels:
$ 1.5543 - $ 1.5485 - $ 1.5424
Strategy:
Sell on Strength
Manufacturing Production @ 1330, GDP Estimate @ 1900 (GMT+5) hours.
EURUSD :
Resistance Levels:
$ 1.0595 - $ 1.0622 - $ 1.0652
Support Levels:
$ 1.0538 - $ 1.0508 - $ 1.0481
Strategy:
Sell on Strength
Italian Industrial Production @ 1300, GDP @ 1400, German Factory Orders @ 1500( GMT+5) hours.