Technical Analysis For Gold, Silver, Crude and Spot Market...

GOLD TECHNICAL REPORT

Pivot: 1365.00
Our preference: LONG positions above 1365 with targets @ 1402 & 1423.
Alternative scenario: The downside penetration of 1365 will call for 1354 & 1338.
Comment: a support base at 1365 has formed and has allowed for a temporary stabilisation.
Trend: ST Bearish; MT Bearish

Key levels Comment

1445** Intraday resistance
1423** Intraday resistance
1402** Fib retracement (61.8%)
1386.8 Last
1365** Intraday pivot point
1354** Intraday support
1338** Intraday support

US CRUDEOIL TECHNICALS

Pivot: 94.45
Our preference: LONG positions above 94.45 with targets @ 96.4 & 98.1.
Alternative scenario: The downside penetration of 94.45 will call for 93.2 & 91.35.
Comment: supported by a rising trend line.
Trend: ST Range; MT Range

Key levels Comment

99.6** Intraday resistance
98.1** Intraday resistance
96.4*** Intraday resistance
95.28 Last
94.45** Intraday pivot point
93.2** Fib retracement (61.8%)
91.35** Intraday support

EUR/USD TECHNICALS

 

Pivot: 1.3295
Our preference: Long positions above 1.3295 with targets @ 1.339 & 1.343 in extension.
Alternative scenario: Below 1.3295 look for further downside with 1.326 & 1.3225 as targets.
Comment: the pair remains supported by a rising trend line and is challenging its previous high.

Key levels

1.3520
1.3430
1.3390
1.335 last
1.3295
1.3260
1.3225

GBP/USD TECHNICALS

Pivot: 1.56
Our preference: Long positions above 1.56 with targets @ 1.57 & 1.574 in extension.
Alternative scenario: Below 1.56 look for further downside with 1.5565 & 1.552 as targets.
Comment: the pair has struck against its resistance and is facing a pull back ahead of further advance.

Key levels

1.582
1.574
1.57
1.5659 last
1.56
1.5565
1.552

Contact Us:

Asad Rasheed
Direct: 04-3841906 
Email:asad@cfb.ae
Email:info@cfb.ae

For more information please visit our website century financial brokers.

 Here are some useful links that you can follow:

Here is a CFB blog that gives useful daily Gold Analysis on daily basis.

You can also follow CFB on facebook (useful advice on posts regularly)

Here is another blog that provides regular news and information and is very useful for Forex Signals.

News Source: www.cfb.ae

Technical Analysis For Gold, Crude and Spot Market...

  GOLD TECHNICAL REPORT

 

 

 

 

Pivot: 1389.00
Our preference: SHORT positions below 1389 with 1354 & 1338 as next targets.
Alternative scenario: The upside penetration of 1389 will call for a rebound towards 1402 & 1423.
Comment: as long as 1389 is resistance, likely decline to 1354.
Trend: ST Bearish; MT Bearish
Key levels Comment

1423** Intraday resistance
1402** Fib retracement (61.8%)
1389** Intraday pivot point
1378.63 Last
1354** Intraday support
1338** Intraday support
1322*** Intraday support

AUD/USD TECHNICALS

   
 
Pivot: 0.941
Our preference: Long positions above 0.941 with targets @ 0.9535 & 0.962 in extension.
Alternative scenario: Below 0.941 look for further downside with 0.936 & 0.932 as targets.
Comment: the pair validated a Falling Wedge pattern calling for a rebound.
Key levels..

 RS
0.9655
0.962 
0.9535
0.9512 last
SP
0.9410
0.9360 
0.9320

USD/JPY TECHNICALS

 

Pivot: 97.3
Our preference: Short positions below 97.3 with targets @ 95.5 & 94.95 in extension.
Alternative scenario: Above 97.3 look for further upside with 97.75 & 98.55 as targets.
Comment: the pair is rebounding but stands below its resistance.
Key levels
RS
98.55
97.75
97.3
96.92 last
SP
95.5
94.95
94.3

 US CRUDEOIL TECHNICALS

 

Pivot: 90.10
Our Preference: the upside prevails, as long as 90.1 is support.
Alternative Scenario: Below 90.1 eye a drop towards 85.6 and 77.3 in extension.
Comment: sideways trading between 90.1 and 98.1. A break of this range to either side would be considered significant and certainly worth monitoring.
Trend: ST Range; MT Range, we have been neutral since 8 MAY 2013 (95.63).

Key levels Comment

106 Horizontal resistance
100.6 Horizontal resistance
98.1 Horizontal resistance
94.74 Last
90.1 Pivot point
85.6 Fib retracement (38.2%)
77.3 Horizontal support

 

 

 

Contact Us:

Asad Rasheed
Direct:04-3841906
Email:asad@cfb.ae
Email:info@cfb.ae

For more information please visit our website century financial brokers.

 Here are some useful links that you can follow:

Here is a CFB blog that gives useful daily Gold Analysis on dailybasis.

You can also follow CFB on facebook (useful advice on posts regularly)

Here is another blog that provides regular news and information and is very useful for Forex Signals.

News Source: www.cfb.ae