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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Monday, 07 March 2011 07:42
SPOT GOLD
SPOT GOLD closed @ 14310 which was ABOVE the open and was within prior day's trading range. The High was 1.5 Dollars from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 0.5 Dollars from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 14215 holds and Daily Trend is also Sideways Up while 13915 holds, so expect the price to be Choppy with a potential to Break Higher. The Daily time frame, the Price is above the MA's and the Bulls gave up mildly towards the Close, the patterns are suggesting higher highs are expected but may be limited. The Hourly time frame, the Price is well above the MA's and the Oscillators are suggesting some upside bias. The Patterns are suggesting that the Price is trading at critical levels so cautious approach is needed. The 15min time frame, suggesting a choppy session with a potential to break higher, 14255-215 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: 14285 14235 14195 BEARS: 14405 14465 14525
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7385 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 10 pips from Precise Trader's Sup Tgt 2. 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 Limited Down while 7435 holds and Daily Trend is Sideways Down while 7565 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is below the MA's ,the Bears gave up mildly towards the Close. The Patterns are suggesting lower lows are expected but the Price is trading at critical levels. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting limited downside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break, 7410-35 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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USDSGD
USDSGD closed @ 12665 which was BELOW the open and breached the previous day's low. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was 10 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 12715 holds and Daily Trend is also Sideways while 12785 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is below the MA's , it was in a Range Trading but the Bears gained mildly towards the Close. The Patterns are suggesting that lower lows are expected. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting mixed signals. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break., 12700-15 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.