Members login
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 01 February 2011 06:16
SPOT GOLD
SPOT GOLD closed @ 13335 which was BELOW the open and was within prior day's trading range. The High was 1 Dollars from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). 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 Up while 13225 holds and Daily Trend is Limited Down while 13795 holds, so expect the price to be Choppy with a potential to Break Higher. The Daily Trend was within the Prior Day's Range but the Bears gained mildly towards the Close which signifies a Range trading with some strength . The Price is mildly above the MA's and the Oscillators are suggesting some more strength. The Hourly Trend has been in a Range Trading and the Patterns are suggesting that the Low may have been seen , 13285-225 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: 13270 13160 13065 BEARS: 13465 13560 13665
Today's Strategies: LONG near 13270 13160 with a tight stop and 6-8 pts price targets.
NZDUSD
NZDUSD closed @ 7730 which was ABOVE the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from 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 7680 holds and Daily Trend is Sideways Up while 7580 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range but the Bulls gained mildly towards the close which signifies some strength . The Price is mildly above the MA's 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, 7695-80 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 @ 12795 which was BELOW 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 5 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 Sideways Down while 12885 holds and Daily Trend is Sideways while 12945 holds, so expect the price to be Choppy with a potential to Break Lower. The Daily Trend was within the Prior few Day's Range but the Bears gained towards the Close which signifies some more 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 a Choppy session with a potential to break lower, 12830-85 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.