Trading news

Trading Analysis 7th September 2012

GOLD
Resistance Levels:
$ 1715.7 - $ 1727.9 - $ 1738.9

SUPPORT LEVELS:
$ 1692.5 - $ 1681.5 - $ 1669.3

STRATEGY:
Neutral

Long above $1680-85; target $1698, $1705 and $1712, put stop loss below $1674.
Sell below $1700-05; target $1685-80, put stop above $1712.

U.S. Non Farm employment change @ & unemployment rate @ 1800 (GMT+5) hours.

Silver
Resistance Levels:
$ 33.1 - $ 33.4 - $ 33.8

SUPPORT LEVELS:
$ 32.3 - $ 31.8 - $ 31.5

STRATEGY:
Neutral

Long above $31.90; target $32.50, and $32.90. A break below $31.70 may show $31.50 and $31.20.

Crude Oil

Resistance Levels:
$ 96.8 - $ 98.9 - $ 99.9

SUPPORT LEVELS:
$ 93.6 - $ 92.5 - $ 90.5

STRATEGY:
Neutral

Long above $93.90 - $94.40; target 95.50 and $96.50.
Sell below $95.90 - $96.60; target $94.50. 

EURO / USD :
Resistance Levels:
$ 1.2649 - $ 1.2698 - $ 1.2772

SUPPORT LEVELS:
$ 1.2526 - $ 1.2452 - $ 1.2403

STRATEGY:
Neutral

German industrial production @ 1530 (GMT+5) hours.

GBP / USD :
Resistance Levels:
$ 1.5848 - $ 1.5995 - $ 1.6056

SUPPORT LEVELS:
$ 1.5840 - $ 1.5779 - $ 1.5732

STRATEGY:
Neutral

Manufacturing production and PPI @ 1400 and GDP estimate @ 1930 (GMT+5) hours.

AUD / USD
Resistance Levels:
$ 1.0226 - $ 1.0260 - $ 1.0290

SUPPORT LEVELS:
$ 1.0162 - $ 1.0132 - $ 1.0098

STRATEGY:
Neutral

Friday, 07 Sep, 2012 / 8:47

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

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