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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Monday, 25 April 2011 06:09
SPOT GOLD
SPOT GOLD closed @ 15080 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 2 Dollars from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Mildly Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Limited Up while 15060 holds and Daily Trend is Sideways Up while 14925 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 gave up mildly towards the close. The Patterns are suggesting the Bulls are approaching the Price target. The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting a limited upside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session with a limited upside , 15060-020 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are suggesting a strength but the Bulls are approaching price target so cautious approach is needed.
BULLS: 15015 14885 14805 BEARS: 15195 15295 15350
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 8015 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 Turning Bearish and the Price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 7955 holds and Daily Trend is Limited Up while 7820 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is well above the MA's ,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 within the MA's and the Oscillators are suggesting a limited upside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break, 7975-55 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 @ 12350 which was UNCHANGED from 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 Turning Bullish and the Price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Limited Down while 12405 holds and Daily Trend is also Limited Down while 12525 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is below the MA's , the Bears gave up mildly towards the close. The Patterns are suggesting the Bears are showing signs of Weakness . The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting a limited downside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting that we may see a pullback higher soon, 12380/12405 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.