Members login
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 25 January 2011 05:50
SPOT GOLD
SPOT GOLD closed @ 13350 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 0.5 Dollars from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish but Oversold and the Price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Down while 13465 holds and Daily Trend is also Limited Down while 13715 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 a Range Trading with some Weakness but may be limited . The Price is below the MA's and the Oscillators are suggesting some limited Weakness . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break, 13405-465 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: 13300 13250 13180 BEARS: 13405 13465 13535
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7630 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Hrly Level and the Low was PRECISELY at 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 Up while 7570 holds and Daily Trend is Sideways while 7805 holds, so expect the price to be Choppy with a potential to Break Higher. The Daily Trend breached the Prior Day's High but the Bulls gave up mildly towards the close which signifies some Weakness . The Price is within the MA's and the Oscillators are suggesting strength. The Hourly Trend has been in a Range Trading and the Patterns are suggesting higher highs are expected , 7590-70 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 @ 12810 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 Zone 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 12865 holds and Daily Trend is Sideways while 12985 holds, so expect the price to be Choppy with a potential to Break Lower. The Daily Trend was within the Prior Day's Range but the Bears gained mildly towards the Close which signifies some weakness. The Price is below the MA's and the Oscillators are suggesting some more Weakness . The Hourly Trend has been in a Range Trading and the Patterns are suggesting lower lows are expected , 1245-65 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.