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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Wednesday, 19 January 2011 06:38
SPOT GOLD
SPOT GOLD closed @ 13680 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 1.5 Dollars from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 13600 holds and Daily Trend is also Sideways while 14085 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range but the Bulls gave up mildly towards the Close and High/Low were 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 Upside . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 13625-600 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: 13685 13625 13575 BEARS: 13745 13800 13865
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7720 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 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 Up while 7665 holds and Daily Trend is Sideways while 7845 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 Price Closed Unchanged and the High/Low was within prior Day's Range which signifies a Range Trading . The Price is mildly above the MA and the Oscillators are suggesting limited Upside Bias. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 7680-65 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 @ 12825 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from 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 Limited Down while 12915 holds and Daily Trend is Sideways Down while 12975 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 and the Bears were holding till the Close which signifies some more Weakness but the Price is approaching Critical Levels. The Price is below 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 , 12880/12915 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.