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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Thursday, 13 January 2011 06:19
SPOT GOLD
SPOT GOLD closed @ 13885 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 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 13705 holds and Daily Trend is Turning Down while 14085 holds, so expect the price to be Choppy until Breakout. The Daily Trend breached the Prior Day's High , the Bulls were holding till the Close and High/Low was within the Prior Day's Range which signifies a Range Trading with some strength. The Price is within the MA 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 until the Break, 13785-705 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: 13815 13755 13705 BEARS: 13945 14000 14045
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7640 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 Tgt 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 7565 holds and Daily Trend is Turning Down while 7805 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range , the Bulls gained mildly towards the Close and the High/Low was within prior few Day's Range which signifies a Range Trading . The Price is within the MA 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, 7580-65 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 @ 12870 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 12965 holds and Daily Trend is also Sideways Down while 13080 holds, so expect the price to be Choppy with a potential to Break Lower. The Daily Trend breached the Prior Day's Low , the Bears were holding till the Close and the High/Low were Lower which signifies some Weakness. The Price is Below the MA and the Oscillators are suggesting some more Weakness . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break , 12925-65 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.