Members login
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Wednesday, 09 February 2011 07:01
SPOT GOLD
SPOT GOLD closed @ 13635 which was ABOVE the open and breached the previous day's high. The High was 1 Dollars from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Limited Up while 13485 holds and Daily Trend is Turning Up while 13080 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious. The Daily Trend breached the Prior Day's High but the Bulls gave up mildly towards the Close which signifies a Range trading with some Weakness . The Price is above the MA's and the Oscillators are suggesting limited Upside. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a choppy session until the break , 13580/13485 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: 13585 13525 13465 BEARS: 13685 13725 13785
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7750 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 15 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Turning Bearish and the Price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 7800 holds and Daily Trend is Sideways while 7525 holds, so expect the price to be Choppy with a potential to Break Lower. 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 some Weakness. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a choppy session with a potential to break lower, 7775/7800 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.
USDSGD
USDSGD closed @ 12735 which was UNCHANGED from the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at 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 12800 holds and Daily Trend is also Sideways while 12965 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior few Day's Range , the Price Closed unchanged which signifies a Range Trading. The Price is within 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, 12790/12800 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.