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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Friday, 08 April 2011 07:40
SPOT GOLD
SPOT GOLD closed @ 14595 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 1.5 Dollars from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 14500 holds and Daily Trend is also Sideways Up while 14295 holds, so expect the price to be Choppy with a potential to Break Higher. The Daily time frame, the Price is above the MA's and the Price Closed unchanged. The Patterns are suggesting a Range trading until the break . The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting an upside bias . The Patterns are suggesting higher highs are expected. The 15min time frame, suggesting a choppy session until the break , 14540-00 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: 14610 14550 14500 BEARS: 14695 14745 14805
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 7790 which was UNCHANGED from the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 25 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the Price is Mildly Above the MA, so CAUTIOUS approach is needed. Hourly Trend is Limited Up while 7725 holds and Daily Trend is also Limited Up while 7615 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame ,the Price is well above the MA's ,the Bears gave up most of their gains towards the Close. The Patterns are suggesting that the Bulls are approaching stiff resistance. 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 range trading with a potential to break higher but cautious approach is needed. The 15min time frame, suggesting a choppy session until the break, 7750-25 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 5 pips from Precise Trader's Res Zone 1 and the Low was 30 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 Down while 12650 holds and Daily Trend is Sideways while 12805 holds, so expect the price to be Choppy with a potential to Break Lower. 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, 12650-55 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.