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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 05 April 2011 06:15
SPOT GOLD
SPOT GOLD closed @ 14340 which was ABOVE the open and was within prior day's trading range. The High was 1 Dollars from Precise Trader's Res Tgt 2 and the Low was 1 Dollars from Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Mildly Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 14250 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 Bulls gained 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 the break of 14405 convincingly decides the fate of the Bulls , 14285-250 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: 14305 14255 14175 BEARS: 14405 14460 14525
Today's Strategies: LONG @ the Break 14405 with a tight stop and 6-8 pts price targets.
NZDUSD
NZDUSD closed @ 7685 which was ABOVE 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 5 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bearish but Weak and the Price is Mildly Above the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Turning Down while 7725 holds and Daily Trend is Limited Up while 7465 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 well above the MA's ,the Bulls gave up mildly towards the Close. The Patterns are suggesting that the Bulls are losing steam and 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 a range trading with a potential to turn down soon. The 15min time frame, suggesting a choppy session until the break but the Bears need to crack the 7658 level, 7710-25 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 10 pips from Precise Trader's Res Zone 1 and the Low was 25 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, 12660-65 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 & 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.