Members login
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Tuesday, 14 June 2011 06:15
SPOT GOLD
SPOT GOLD closed @ 15150 which was BELOW the open and breached the previous day's low. The High was 0.5 Dollars from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 3. 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 15305 holds and Daily Trend is Sideways while 14715 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame, the Price is within 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 & Low for today may be within range. The 15min time frame, suggesting a choppy session until the break, 15215/15300 are the Critical levels to watch to maintain the Bearish Outlook.
BULLS: 15110 15065 15000 BEARS: 15255 15335 15415
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 8155 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Zone 5 (U Turn Zone). 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 8265 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 but gave up 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 within the MA's and pointing horizontal , the Oscillators are suggesting a limited downside bias. The Patterns are suggesting higher highs are expected . The 15min time frame, suggesting a choppy session with a potential to break higher , 8200-65 are the Critical levels to watch to maintain the Bearish Outlook. The High & Low for the Day may be within the Range. 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.
USDSGD
USDSGD closed @ 12365 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 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 12400 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 Price closed unchanged 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 within the MA's and pointing horizontal, the Oscillators are suggesting a downside bias. The Patterns are suggesting lower lows are expected . The 15min time frame, suggesting a choppy session until the break , 12395/12420 are the Critical levels to watch to maintain the Bearish Outlook. The High & Low for today may be within range. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels and High-Low time suggesting the High for the day may have been seen.
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.