Members login
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Monday, 03 January 2011 07:08
SPOT GOLD
SPOT GOLD closed @ 14215 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at 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 Sideways while 14085 holds and Daily Trend is Sideways Up while 13815 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 Strength. The MA is suggesting an Upside Bias and the Oscillators are suggesting that the Bulls are Weak . The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting a Choppy session until the Break, 14135-14085 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: 14135 14085 14035 BEARS: 14200 14245 14285
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7800 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 7690 holds and Daily Trend is Sideways Up while 7605 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 Strength. The MA is suggesting an Upside Bias and the Oscillators are suggesting a Limited Downside 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, 7730-7690 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 @ 12840 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 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 12895 holds and Daily Trend is Sideways Down while 13000 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 gave up mildly towards the Close which signifies some strength. 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 , 12875-95 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.