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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Monday, 04 April 2011 06:56
SPOT GOLD
SPOT GOLD closed @ 14290 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 PRECISELY at Precise Trader's Sup Tgt 3. The Hourly Oscillators are MIXED and the Price is Mildly Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 14145 holds and Daily Trend is Limited Up while 13965 holds, so expect the price to be Choppy until Breakout. The Daily time frame, the Price is mildly above the MA's and the Bears gave up most of their gains 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, 14235/14145 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: 14235 14185 14115 BEARS: 14365 14410 14480
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7675 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Hrly Level and the Low was 5 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 Limited Up while 7590 holds and Daily Trend is also Limited Up while 7465 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame ,the Price is above the MA's ,the Bulls gained towards the Close. The Patterns are suggesting that the Bulls are still strong but approaching stiff resistance. The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting a limited bias. The Patterns are suggesting a range trading with a potential to turn down soon. The 15min time frame, suggesting a choppy session until the break, 7635/7590 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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USDSGD
USDSGD closed @ 12600 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 20 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 12665 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 mildly below the MA's , the Price closed unchanged. The Patterns are suggesting the Price is expected to be in a Range trading until the breakout . 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 until the break, 12655-65 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.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.