Members login
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Friday, 03 December 2010 06:35
SPOT GOLD
SPOT GOLD closed @ 13860 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 2 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 13755 holds and Daily Trend is Sideways Up while 13615 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range and the Price Closed unchanged towards the Close which signifies a Range Trading. The MA is suggesting an Upside Bias and the Oscillators are suggesting Mixed Signals . The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting a Choppy session until the Break, 13805-13755 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: 13825 13725 13685 BEARS: 14000 14100 14200
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7550 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 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 7445 holds and Daily Trend is Sideways Down while 7710 holds, so expect the price to be Choppy until Breakout. The Daily Trend breached the Prior Day's High and the Bulls were holding till the Close which signifies some more Strength. The MA is suggesting a Choppy session and the Oscillators are suggesting a Limited Upside Bias. The Hourly Trend has been in a Range Trading with no Price Target and the Patterns are suggesting a Choppy session until the Break, 7510-7445 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 Precise Trader for a Free Trial.
Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDSGD
USDSGD closed @ 13070 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bullish and the Price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Limited Down while 13160 holds and Daily Trend is Limited Up while 12975 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 and the Bears were holding till the Close which signifies a Range Trading. The MA is suggesting a Range Trading with a Limited Downside Bias and the Oscillators are suggesting some strength but may be limited . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session , 13125-60 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 Precise Trader for a Free Trial.
Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.