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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 15 February 2011 07:29
SPOT GOLD
SPOT GOLD closed @ 13605 which was ABOVE 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 1. The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 13530 holds and Daily Trend is Turning Up while 13210 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range , the Bulls gained mildly towards the Close which signifies a Range trading until the Break . The Price is within the MA's and the Oscillators are suggesting some strength. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a choppy session until the break , 13550-530 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 13500 13445 BEARS: 13685 13765 13835
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7570 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 15 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the Price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways Down while 7645 holds and Daily Trend is also Sideways Down while 7710 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 Price Closed unchanged which signifies some more Weakness . The Price is mildly 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, 7610-45 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 @ 12810 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 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 while 12730 holds and Daily Trend is also Sideways while 12960 holds, so expect the price to be Choppy until Breakout. The Daily Trend was within the Prior Day's Range but the Bears 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 Choppy session until the Break, 12755-30 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.