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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 26 April 2011 08:42
SPOT GOLD
SPOT GOLD closed @ 15075 which was BELOW 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 PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish and the Price is Mildly Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 15115 holds and Daily Trend is Sideways Up while 14615 holds, so expect the price to be Choppy with a potential to Break Lower. The Daily time frame, the Price is above the MA's , the Bears gained mildly towards the close. The Patterns are suggesting the Bulls are weakening. The Hourly time frame, the Price is mildly below the MA's and the Oscillators are suggesting a downside bias. The Patterns are suggesting lower lows are expected but may be limited. The 15min time frame, suggesting a choppy session until the break , 15085/15115 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are suggesting that the Bears may gain control today.
BULLS: 14945 14855 14805 BEARS: 15065 15155 15235
Today's Strategies: SHORT near 15015 15065 with a tight stop and 6-8 pts price targets.
NZDUSD
NZDUSD closed @ 7995 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 7955 holds and Daily Trend is Limited Up while 7815 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is well above the MA's ,the Bears gained 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 downside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break, 7955-05 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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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDSGD
USDSGD closed @ 12360 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 PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Turning Up while 12315 holds and Daily Trend is Limited Down while 12525 holds, so expect the price to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger. The Daily time frame ,the Price is below the MA's , the Bulls gained 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 weak upside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break, 12315-10 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 & 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.