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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Wednesday, 16 February 2011 07:02
SPOT GOLD
SPOT GOLD closed @ 13740 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 2.5 Dollars from 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 Sideways while 13600 holds and Daily Trend is Sideways Up while 13360 holds, so expect the price to be Choppy until Breakout. The Daily Trend breached the Prior few Day's Range , the Bulls were holding till the Close which signifies a Range trading with an upside bias . 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 , 13685-600 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: 13675 13595 13530 BEARS: 13785 13855 13925
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7520 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are showing Bullish Divergence and the Price is Within the MA, so Bears book your profit or remain Sidelined. Hourly Trend is Limited Down while 7610 holds and Daily Trend is Sideways Down while 7710 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily Trend breached the Prior Day's Low but the Bears gave up mildly towards the Close which signifies some strength . The Price is mildly Below the MA's and the Oscillators are suggesting a limited downside. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a choppy session until the Break, 7560/7610 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 UNCHANGED from the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from 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 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 Price Closed unchanged which signifies a Range Trading until the break. 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, 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.