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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Monday, 06 June 2011 06:39
SPOT GOLD
SPOT GOLD closed @ 15415 which was ABOVE the open and was within prior day's trading range. The High was 0.5 Dollars from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 2 Dollars from Precise Trader's Sup Tgt 1. 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 15245 holds and Daily Trend is Limited Up while 14625 holds, so expect the price to be Choppy until Breakout. The Daily time frame, the Price is above the MA's and horizontal , 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 an upside bias. The Patterns are suggesting a choppy session until the break . The 15min time frame, suggesting a choppy session until the break, 15355/15245 are the Critical levels to watch to maintain the Bullish Outlook.
BULLS: 15345 15295 15245 BEARS: 15495 15545 15625
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 8155 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Turning Up while 8075 holds and Daily Trend is Sideways Up while 7760 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 mildly above the MA's and pointing up ,the Price closed unchanged 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 pointing horizontal , the Oscillators are suggesting bullish signals. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting a choppy session until the break , 8110/8075 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 and High-Low time does not gives us good signals.
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USDSGD
USDSGD closed @ 12290 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 10 pips from 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 while 12380 holds and Daily Trend is Sideways Down while 12535 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is mildly below the MA's , the Bears gained towards the Close but was within a range. The Patterns are suggesting a range trading until the break . The Hourly time frame, the Price is mildly above the MA's and pointing down, the Oscillators are suggesting a downside bias. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break , 12340-80 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 and High-Low time does not gives us good signals.
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.