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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Wednesday, 30 March 2011 06:16
SPOT GOLD
SPOT GOLD closed @ 14185 which was BELOW 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 2 Dollars from Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 14285 holds and Daily Trend is Limited Up while 13865 holds, so expect the price to be Choppy until Breakout. The Daily time frame, the Price is within the MA's but the Bears gave up mildly 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 a mixed signals . The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break, 14240-285 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: 14115 14050 13950 BEARS: 14250 14325 14395
Today's Strategies: Trade @ the Bears Levels Only.
NZDUSD
NZDUSD closed @ 7560 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Limited Up while 7490 holds and Daily Trend is also Limited Up while 7390 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame ,the Price is within the MA's ,the Bulls gained towards the Close. The Patterns are suggesting that the Bulls are approaching stiff resistance. The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting a limited Upside bias. The Patterns are suggesting the price is trading at critical levels and the breakout can happen on either direction. The 15min time frame, suggesting the Price is trading at critical levels, 7520/7490 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDSGD
USDSGD closed @ 12615 which was BELOW the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was 5 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 12685 holds and Daily Trend is Limited Down while 12805 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is below the MA's , the Bears gained mildly towards the Close. The Patterns are suggesting the Price is trading at critical levels and in a Range trading . 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 with a potential to turn up soon, 12670-85 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.