Members login
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Thursday, 23 September 2010 06:45
Spot Gold
SPOT GOLD closed @ 12915 which was ABOVE the open and breached the previous day's high. The High was 0.5 Dollars from Precise Trader's Res Tgt 2 and the Low was 2 Dollars from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Turning Down while 13055 holds and Daily Trend is Limited Up while 12615 holds, so expect the price to Turn Down Soon, so the Bulls may stay Sidelined and the Bears get ready to pull the Trigger. The Daily Trend breached the Prior Day's High but the Bulls gave up partially towards the Close which signifies a Choppy session with some Weakness . The MA is suggesting a Bullish Bias with Weakness and the Oscillators are suggesting the Same. The Hourly Trend has been in a Range Trading with a Price Target 12965/13025/13105 levels and the Patterns are suggesting that the High may have been Seen or you may see a last Push before a Reversal, 12860-810 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 1 levels.
BULLS: 12850 12785 12720 BEARS: 12980 13050 13125
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7385 which was ABOVE the open and breached the previous day's high. The High was 10 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 Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Limited Down while 7425 holds and Daily Trend is Sideways while 7190 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily Trend breached the Prior Day's High and the Bulls gave up mildly towards the Close which signifies some Weakness . The MA is suggesting a Choppy session with a Limited Downside and the Oscillators are suggesting Bearish. The Hourly Trend has been in a Range Trading with no Price Target until the break and the Patterns are suggesting that the Bears may surrender near 7285-25 levels, 7410-25 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles suggests that NZD is Weak against all the Crosses but may be Limited , so Cautious approach is needed.
BULLS & BEARS : Get the full report by visiting www.precisetrader.com for a Free Trial.
Today's Strategies: Get the full report by visiting www.precisetrader.com for a Free Trial.
USDSGD
USDSGD closed @ 13255 which was BELOW the open and breached the previous day's low. The High was 30 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish but Weak and the Price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Down while 13310 holds and Daily Trend is also Limited Down while 13450 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily Trend breached the Prior Day's Low but the Bears were holding till the Close which signifies a Choppy session with some Weakness but may be Limited . The MA is suggesting a Choppy session with a Bearish Bias and the Oscillators are suggesting the Same. The Hourly Trend has been in a Range Trading with a Price Target 13200 /13160-10 and the Patterns are suggesting that the Bears may Struggle near 13220-00 levels, 13290-13310 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 1 levels.
BULLS & BEARS : Get the full report by visiting www.precisetrader.com for a Free Trial.
Today's Strategies: Get the full report by visiting www.precisetrader.com for a Free Trial.