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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 29 March 2011 06:37
SPOT GOLD
SPOT GOLD closed @ 14200 which was BELOW the open and breached the previous day's low. The High was 3 Dollars from Precise Trader's Res Zone 1 and the Low was 0.5 Dollars from Precise Trader's Sup Tgt 3. The Hourly Oscillators are Bearish but Weak and the Price is Mildly Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 14265 holds and Daily Trend is Limited Up while 13915 holds, so expect the price to be Choppy until Breakout. The Daily time frame, the Price is mildly above the MA's but the Bears gave up mildly towards the Close. The Patterns are suggesting the Bulls are approaching stiff resistance . The Hourly time frame, the Price is mildly below the MA's and the Oscillators are suggesting a downside bias but may be limited. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break, 14255-65 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: 14085 14000 13915 BEARS: 14250 14335 14415
Today's Strategies: Trade @ the Bears Levels Only.
NZDUSD
NZDUSD closed @ 7515 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 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 Down while 7575 holds and Daily Trend is Limited Up while 7360 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 Bears gained mildly towards the Close. The Patterns are suggesting that the Bulls are approaching stiff resistance. The Hourly time frame, the Price is within 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, 7555-75 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 @ 12630 which was UNCHANGED from the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 25 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Turning Up while 12560 holds and Daily Trend is Limited Down while 12805 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 below the MA's , the Bulls gained mildly towards the Close. The Patterns are suggesting the Price is trading at critical levels . The Hourly time frame, the Price is within 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, 12575-60 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.