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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Wednesday, 27 April 2011 06:55
SPOT GOLD
SPOT GOLD closed @ 15065 which was UNCHANGED from the open and was within prior day's trading range. The High was 1.5 Dollars from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bullish and the Price is Mildly Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 14950 holds and Daily Trend is Sideways Up while 14685 holds, so expect the price to be Choppy until Breakout. The Daily time frame, the Price is above the MA's , the Bears gave up all their gains towards the close. The Patterns are suggesting the Bulls are weakening but no signs of reversal signal yet. The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting an upside bias. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting a choppy session until the break , 15005/14950 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: 14980 14925 14825 BEARS: 15155 15215 15285
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 8060 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 7975 holds and Daily Trend is Limited Up while 7865 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is well above the MA's ,the Bulls gained towards the Close. The Patterns are suggesting the Bulls are approaching the price target. The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting an upside bias. The Patterns are suggesting a choppy session until the break. The 15min time frame, suggesting a choppy session until the break, 8020/7975 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 @ 12320 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 1. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Limited Down while 12365 holds and Daily Trend is also Limited Down while 12445 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 gained towards the close. The Patterns are suggesting the Bears are still in control. The Hourly time frame, the Price is below 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, 12350-65 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.