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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 18 January 2011 06:39
SPOT GOLD
SPOT GOLD closed @ 13615 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 0.5 Dollars 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 13765 holds and Daily Trend is Sideways Down while 14085 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range , the Price Closed Unchanged and High/Low were within the Prior 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, 13675/13765 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: 13585 13495 13430 BEARS: 13685 13735 13785
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7725 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 20 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 7635 holds and Daily Trend is Sideways while 7810 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious. The Daily Trend was within the Prior Day's Range , the Bulls gained mildly towards the Close and the High/Low was within prior 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, 7685-35 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 @ 12880 which was UNCHANGED from 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 10 pips from 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 12945 holds and Daily Trend is also Sideways while 13060 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range , the Price Closed Unchanged and the High & Low were within the Prior Day's which signifies a Range Trading until the Break. The Price is within the MA and the Oscillators are suggesting some Weakness . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break , 12930-45 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.