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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Monday, 14 February 2011 06:30
SPOT GOLD
SPOT GOLD closed @ 13570 which was BELOW the open and was within prior day's trading range. 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 and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 13690 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 , the Bears gained towards the Close which signifies a Range trading until the Break . The Price is within the MA's and the Oscillators are suggesting Weakness. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a choppy session until the break , 13625-690 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: 13515 13445 13385 BEARS: 13635 13695 13755
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7605 which was BELOW the open and breached the previous day's low. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the Price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 7670 holds and Daily Trend is Turning Down while 7825 holds, so expect the price to be Choppy until Breakout. The Daily Trend breached the Prior Day's Low, but the Bears gave up partially towards the Close which signifies some strength . The Price is Below 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, 7645-70 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDSGD
USDSGD closed @ 12820 which was ABOVE the open and breached the previous day's high. The High was 20 pips from Precise Trader's Res Tgt 1 and the Low was 20 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 12865 holds and Daily Trend is also Sideways while 12960 holds, so expect the price to be Choppy until Breakout. 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 within the MA's and the Oscillators are suggesting mild Weakness . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a temporary high may have been seen, 12865-75 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.