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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 04 January 2011 06:05
SPOT GOLD
SPOT GOLD closed @ 14140 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 2 Dollars from Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 14085 holds and Daily Trend is Sideways Up while 13925 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range but the Bears gained mildly towards the Close which signifies a Range Trading. The MA is suggesting some support 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, 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: 14105 14035 13975 BEARS: 14205 14245 14335
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7735 which was BELOW the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Tgt 2. 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 7685 holds and Daily Trend is Sideways Up while 7605 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range and the Bears gained towards the Close which signifies some more Weakness. The MA is providing support 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, 7690-50 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDSGD
USDSGD closed @ 12850 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 5 pips from 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 12910 holds and Daily Trend is Sideways Down while 12975 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 a Range Trading with a Limited Upside Bias and the Oscillators are suggesting Mixed Signals. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session , 12885-12910 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.