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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Monday, 21 March 2011 06:05
SPOT GOLD
SPOT GOLD closed @ 14185 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 3 and the Low was 1 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 Limited Up while 14185 holds and Daily Trend is Sideways while 13945 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame, the Price is mildly above the MA's but the Bulls gained towards the Close. The Patterns are suggesting a Range trading until the break . The Hourly time frame, the Price is well above the MA's and the Oscillators are suggesting an Upside bias. The Patterns are suggesting higher highs are expected but may be limited. The 15min time frame, suggesting a choppy session with a potential to turn down soon, 14185-135 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles suggesting that the Bulls are strong but may weaken soon.
BULLS: 14205 14125 14055 BEARS: 14330 14385 14450
Today's Strategies: SHORT near 14385 14450 with a tight stop and 6-8 pts price targets.
NZDUSD
NZDUSD closed @ 7310 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Tgt 2 and the Low was 15 pips from 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 Up while 7265 holds and Daily Trend is Limited Down while 7475 holds, so expect the price to be Choppy with a potential to Break Higher. The Daily time frame ,the Price is below the MA's ,the Bulls gained aggressively towards the Close. The Patterns are suggesting the low may have been seen. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting an Upside bias. The Patterns are suggesting higher highs are expected. The 15min time frame, suggesting higher highs are expected, 7285-65 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles suggests that NZD is Strong against four Crosses so the Bears may have to be Sidelined.
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USDSGD
USDSGD closed @ 12740 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Limited Down while 12765 holds and Daily Trend is Turning Up while 12635 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is within the MA's , the Bears gained towards the Close. The Patterns are suggesting a Range Trading until the break . The Hourly time frame, the Price is below the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting lower lows are expected but may be limited. The 15min time frame, suggesting a choppy session with a potential to turn up soon, 12765-95 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are suggesting that SGD is strong against five Crosses so the Bulls may have to be Sidelined until 12765 is regained.
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