04 Sept Wednesday View

Technically, if 34150 (USD 1416.32) yesterday's high is broken then the price may test 34550 (USD 1432.91) which could prove to be somewhat stronger resistance as it has been tested and held before in the past. Break of that level 34550 (USD 1432.91) would open up a door for a test of 35600/35850 (USD 1476/1486) levels. Supports should be at 33700 (USD 1397.66) and 33383 (USD 1384.51).

But there is one thing we should keep in our mind, stay alert and act immediately if required that when the world has a geopolitical tension like the one it has now regarding Syria and U.S. military action, the intensity of fear in financial markets and investors rush to take refuge in safe havens like precious metals and bonds may trigger prices to move beyond these technical levels, sometimes behaving as if they are not even there. So, Trade Happy, Trade Safe :)