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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Friday, 25 March 2011 07:24
SPOT GOLD
SPOT GOLD closed @ 14315 which was BELOW the open and was within prior day's trading range. The High was 0.5 Dollars from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Turning Down while 14480 holds and Daily Trend is Limited Up while 14015 holds, so expect the price to Turn Down Soon, so the Bulls may stay Sidelined and the Bears get ready to pull the Trigger. The Daily time frame, the Price is above the MA's but the Bears gained towards the Close. The Patterns are suggesting the Bulls are approaching stiff resistance . The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting a choppy session with a potential to break lower. The 15min time frame, suggesting a choppy session with a potential to turn down soon, 14370/14410 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: 14280 14200 14135 BEARS: 14365 14410 14480
Today's Strategies: SHORT near 14365 14410 with a tight stop and 6-8 pts price targets.
NZDUSD
NZDUSD closed @ 7495 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 15 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are showing Bearish Divergence and the Price is Above the MA, so Bulls book your profit or remain Sidelined. Hourly Trend is Turning Down while 7575 holds and Daily Trend is Limited Down while 7585 holds, so expect the price to Turn Down Soon, so the Bulls may stay Sidelined and the Bears get ready to pull the Trigger. The Daily time frame ,the Price is within the MA's ,the Bulls gave up mildly towards the Close. The Patterns are suggesting that the Bulls are approaching stiff resistance. The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting a limited Upside bias. The Patterns are suggesting the price may turn down soon. The 15min time frame, suggesting a choppy session with a potential to turn down soon, 7535-75 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 @ 12605 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 PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish but Oversold and the Price is Mildly Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Limited Down while 12675 holds and Daily Trend is also Limited Down while 12800 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 gained towards the Close. The Patterns are suggesting the Price is trading at critical levels . The Hourly time frame, the Price is mildly below the MA's and the Oscillators are suggesting a limited downside. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session with a potential to turn up soon, 12660-75 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.