Technical Analysis for December 02, 2014

XAU/USD makes a big reversal and moves higher than 1175. Currently the market has broken the target and moving around 1210 level. A higher movement will target 1250 next and a lower break under 1180 will target 1150 next. A reversal risk is high due to the volatility.

 

XAG/USD breaks lower under 15 and reversed to 16.4 level. Currently the market will target 16.8 next for the higher movement and SILVER will target 15 level for the lower movement. A break of 15 level will target 14.4 next, the last low level.

 

Crude Oil retraced higher than 68 level and touched our target at 69. Currently Crude Oil traded at 69.2 level and will enter the sideways step around 68-70. A breaks for higher will target 73 level next and a lower break will retest 65 level again next.

 

Copper touched the higher target for 2.94 and traded around 2.92 level. A higher movement will target 3 level again and a lower movement reversal that breaks 2.87 level will target 2.8 level again next.

 

 

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