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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Thursday, 10 February 2011 05:52
SPOT GOLD
SPOT GOLD closed @ 13645 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 Sideways while 13485 holds and Daily Trend is Turning Up while 13080 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range and the Price Closed unchanged which signifies a Range trading until the Break . The Price is mildly 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 13445 BEARS: 13685 13725 13785
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7725 which was BELOW 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 PRECISELY at Precise Trader's Sup Tgt 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 7800 holds and Daily Trend is also Sideways while 7540 holds, so expect the price to be Choppy until Breakout. 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 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, 7765/7800 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 @ 12740 which was UNCHANGED from the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from 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 Sideways while 12800 holds and Daily Trend is also Sideways while 12915 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 mild strength . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the break, 12800-20 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.