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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 11 January 2011 06:06
SPOT GOLD
SPOT GOLD closed @ 13740 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at 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 Limited Down while 13885 holds and Daily Trend is Turning Down while 14085 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily Trend was within the Prior Day's Range but the Bulls gained mildly towards the Close which signifies some strength. The MA is within the Price and the Oscillators are suggesting some strength but may be limited . The Hourly Trend has been in a Range Trading with no Price Targets and the Patterns are suggesting a Choppy session until the Break, 13805-885 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: 13730 13650 13600 BEARS: 13805 13865 13940
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7635 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 1 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 Sideways while 7660 holds and Daily Trend is Turning Down while 7760 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range but the Bulls gained towards the Close which signifies a Range Trading with some strength . The MA is within the Price and the Oscillators are suggesting some Weakness. The Hourly Trend has been in a Range Trading with no Price Target and the Patterns are suggesting a Choppy session until the Break, 7640-60 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDSGD
USDSGD closed @ 12975 which was ABOVE the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Tgt 2 and the Low was 25 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 Limited Up while 12925 holds and Daily Trend is Limited Down while 13080 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious. 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 providing some support 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 until the Break , 12920-12890 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.