Update Time: 27 Jun 2011 06:34GMT
SPOT GOLD DAILY OUTLOOK – +1495.00+
Fri’s selloff below 1511.40 to 1499.00 signals
recent erratic rise fm 1464.30 has formed a top.
at 1557.70 on Wednesday n downside bias is seen
for stronger retrace. of aforesaid upmove to 1487.
30, however, loss of momentum wud keep price abv
1472.50 n bring a much-needed recovery later.
Sell on recovery with stop as indicated, abv
wud prolong choppy trading n risk gain to 1524.90
but 1533/34 shud cap upside.
Rate: +1495.00+
Strategy: +Target met+
Position: Short at 1505.00
Objective: 1495.00
Stop-Loss:
Resistance: 1511.40/1524.90/1541.90
Support: 1487.30/1472.50/1464.30
*********
Update Time: 27 Jun 2011 00:06GMT
INTRA-DAY AUD/USD OUTLOOK – +1.0440+
Fri’s close near NY low (1.0485) signals correct
ion fm last week’s 1.0455 low has ended at 1.0602 n
intra-day kiwi-led decline suggests a breach of
1.0455 sup is seen, however, reckon key daily sup
at 1.0440 (May) wud hold on 1st testing.
Look to sell on minor recovery for 1.0450 1st n
only abv 1.0532 ‘prolongs’ consolidation, 1.0573.
Rate: +1.0440+
Strategy: +Target met+
Position: +Short at 1.0470+
Objective: +1.0440+
Stop-Loss:
Resistance: 1.0490/1.0503/1.0532
Support: 1.0455/1.0440/1.0413
*********
Update Time: 24 Jun 2011 17:03GMT
INTRA-DAY EUR/USD OUTLOOK – +1.4160+
Euro’s retreat after meeting renewed selling at
1.4201 suggests recovery fm NY morning 1.4160 low
has ended there n downside bias is seen for intra-
day fall fm 1.4306 to resume n yield marginal weak-
ness b4 rebound due to nr term loss of momentum.
Trade fm short side with stop now at break-even,
abv wud prolong choppy trading n risk 1.4220/25…
Rate: +1.4160+
Strategy: +Target met+
Position: Short at 1.4200
Objective: 1.4160
Stop-Loss:
Resistance: 1.4201/1.4248/1.4279
Support: 1.4126/1.4073/1.4050