Members login
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 09 March 2010 06:39
Spot Gold
SPOT GOLD closed @ 11255 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 11385 holds and Daily Trend is Turning Down while 11450 holds, so expect the price to be Choppy with a Downside bias. The Daily Trend plunged but the Bears gave up mildly towards the close. The Hourly Trend has been in a Range Trading with the Downside Bias ,11320-11385 are the critical levels to watch to maintain the Bearish outlook . On the 5 min is along the gradual Down Channel and the patterns are suggesting a Choppy Session until the break. The Opening price principles are mixed so Cautious approach is needed until the break.
BULLS: 11185 11125 11030 BEARS: 11300 11380 11425
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : SHORT near 11285 11320 with a tight stop and 6-10pts price targets.
NZDUSD
NZDUSD closed @ 7010 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Above the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Corrective Up while 6930 holds and Daily Trend is Sideways while 6805 holds, so expect the price to be Choppy with a Downside bias. The Daily Trend Rallied with the Bulls giving up mildly towards the close. The Hourly Trend has been in a Range Trading with no clear direction , 6970-30 are the critical levels to watch to maintain the Bullish outlook . On the 5 min is along the Horizontal Channel and the price patterns are suggesting a Choppy session until the break. The Opening price principles are mixed so Cautious approach is needed until the break.
BULLS: 6955 6905 6860 BEARS: 7050 7115 7180
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
USDSGD
USDSGD closed @ 13995 which was BELOW the open and was within prior day's trading range. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 14070 holds and Daily Trend is also Sideways while 14125 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend was within prior day's Range with the price closing unchanged towards the close. The Hourly Trend has been in a Range Trading with no clear direction ,14070-14125 are the critical levels to watch to maintain the Bearish outlook . On the 5 min is along the Horizontal Channel and the price patterns are suggesting Choppy Session until the break . The Opening price principle are mixed so Cautious approach is needed until the break.
BULLS: 13950 13890 13850 BEARS: 14050 14125 14160
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only