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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Monday, 13 June 2011 06:42
SPOT GOLD
SPOT GOLD closed @ 15310 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 Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 15465 holds and Daily Trend is also Sideways while 14715 holds, so expect the price to be Choppy until Breakout. The Daily time frame, the Price is mildly above the MA's and horizontal , the Bears gained aggressively towards the Close but was within range. The Patterns are suggesting a range trading until the break . The Hourly time frame, the Price is below the MA's and pointing down, the Oscillators are suggesting a downside bias. The Patterns are suggesting a choppy session until the break .The High for today may be limited to 15370-390 levels. The 15min time frame, suggesting a choppy session until the break, 15370/15465 are the Critical levels to watch to maintain the Bearish Outlook.
BULLS: 15200 15145 15035 BEARS: 15345 15415 15485
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 8215 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 8225 holds and Daily Trend is Sideways Up while 7855 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is above the MA's and pointing up ,the Bears gained mildly towards the Close but was within range. The Patterns are suggesting a range trading until the break . The Hourly time frame, the Price is below the MA's and pointing horizontal , the Oscillators are suggesting a downside bias. The Patterns are suggesting lower lows are expected but may be limited. The 15min time frame, suggesting lower lows are expected but may get a pullback soon , 8190/8225 are the Critical levels to watch to maintain the Bearish Outlook. The High for today may be limited to 8225 levels and the low 8050-20 levels. The Opening Price Principles are suggesting that NZD is weak against all the crosses but may be limited as the High-Low time does not gives us good signals.
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USDSGD
USDSGD closed @ 12375 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Hrly Level 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 12280 holds and Daily Trend is also Sideways 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 Bulls 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 above the MA's and pointing up, 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 , 12325/12280 are the Critical levels to watch to maintain the Bullish Outlook. The Low for today may be limited to 12380-30 levels. 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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