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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Friday, 01 April 2011 07:21
SPOT GOLD
SPOT GOLD closed @ 14320 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the Price is Mildly Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 14215 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 mildly above the MA's but the Bulls gave up mildly towards the Close. The Patterns are suggesting a Range trading until the break . The Hourly time frame, the Price is mildly above 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, 14265-15 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: 14250 14185 14115 BEARS: 14400 14475 14545
Today's Strategies: Trade @ the Bears Levels Only.
NZDUSD
NZDUSD closed @ 7615 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 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 7670 holds and Daily Trend is Limited Up while 7430 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 mildly above the MA's ,the Price Closed unchanged. The Patterns are suggesting that the Bulls are showing signs of weakness. The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting the Bears may gain control soon. The 15min time frame, suggesting that the High may have been seen, 7655-70 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 UNCHANGED from the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are showing Bullish Divergence and the Price is Within the MA, so Bears book your profit or remain Sidelined. Hourly Trend is Sideways while 12685 holds and Daily Trend is Limited Down while 12745 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is mildly below the MA's , the Price closed unchanged. 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, 12660-85 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.