Members login
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Friday, 15 October 2010 06:42
Spot Gold
SPOT GOLD closed @ 13810 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Turning Down while 13955 holds and Daily Trend is Sideways Up while 13337 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 some Weakness. The MA is suggesting an Upside Bias and the Oscillators are Bearish but Weak . The Hourly Trend has been in a Range Trading with no Price Target and the Patterns are suggesting a Choppy session until the break, 13755-13690 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 2 levels.
BULLS: 13715 13605 13540 BEARS: 13865 13915 14000
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7595 which was UNCHANGED from the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 7490 holds and Daily Trend is Sideways Up while 7415 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior few Day's Range and the Bears gained mildly towards the Close which signifies a Choppy session with some Weakness .The MA is suggesting a Choppy session and the Oscillators are Bearish. The Hourly Trend has been in a Range Trading with no Price Target and the Patterns are suggesting a Choppy session until the break, 7530-7490 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 2 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.
USDSGD
USDSGD closed @ 12950 which was BELOW the open and breached the previous day's low. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Turning Bullish and the Price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways while 13070 holds and Daily Trend is Sideways Down while 13180 holds, so expect the price to be Choppy until Breakout. The Daily Trend Plunged below the Prior Day's Low but the Bears gave up partially towards the Close which signifies some Strength. The MA is suggesting a Choppy session and the Oscillators are Turning Bullish. The Hourly Trend has been in a Range Trading with no Price Target and the Patterns are suggesting Choppy until the break, 13005-70 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 2 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.