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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Friday, 11 March 2011 08:06
SPOT GOLD |
| SPOT GOLD closed @ 14115 which was BELOW the open and breached the previous day's low. The High was 2.5 Dollars from Precise Trader's Res Zone 1 and the Low was 3.5 Dollars from Precise Trader's Sup Zone 10. The Hourly Oscillators are Bearish but Oversold and the Price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Down while 14280 holds and Daily Trend is Sideways while 13865 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame, the Price is mildly above the MA's but the Bears gained aggressively but gave up mildly towards the close, the patterns are suggesting a Range Trading until the break. The Hourly time frame, the Price is mildly below the MA's and the Oscillators are suggesting limited downside. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break, 14170/14280 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: 14035 13945 13855 BEARS: 14215 14285 14325 |
| Today's Strategies: SHORT near 14215 14285 with a tight stop and 6-8 pts price targets. |
NZDUSD |
| NZDUSD closed @ 7355 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 PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Turning Bullish and the Price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways while 7405 holds and Daily Trend is Limited Down while 7500 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is below the MA's ,the Bears gave up partially towards the Close. The Patterns are suggesting a Range trading until the break. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting some strength. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break, 7395/7405 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 @ 12725 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 20 pips from 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 Turning Up while 12635 holds and Daily Trend is Sideways while 12825 holds, so expect the price to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger. The Daily time frame ,the Price is mildly below the MA's , the Bulls gained towards the close. The Patterns are suggesting that the Low may be seen soon. The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting an upside bias. The Patterns are suggesting limited downside bias. The 15min time frame, suggesting a choppy session with a potential to break higher, 12670-35 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. |