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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Thursday, 16 June 2011 06:13
SPOT GOLD
SPOT GOLD closed @ 15305 which was ABOVE the open and breached the previous day's high. The High was 0.5 Dollars from Precise Trader's Res Tgt 2 and the Low was 2.5 Dollars from Precise Trader's Sup Tgt 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 Sideways while 15430 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 within the MA's and horizontal , the Bulls gained but gave up mildly towards the Close but was within range which signifies a choppy session during Asian session. 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 weak upside 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, 15365/15430 are the Critical levels to watch to maintain the Bearish Outlook.
BULLS: 15200 15150 15050 BEARS: 15315 15365 15430
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 8065 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 3. The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 8145 holds and Daily Trend is Sideways Up while 7855 holds, so expect the price to be Choppy with a potential to Break Lower. The Daily time frame ,the Price is within the MA's and pointing horizontal, the Bears gained aggressively towards the Close which signifies some more weakness a head. The Patterns are suggesting lower lows are expected . 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 lower lows are expected . The 15min time frame, suggesting a choppy session with a potential to break lower , 8105-45 are the Critical levels to watch to maintain the Bearish Outlook. The High for the Day may be limited to 8085/8125 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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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
USDSGD
USDSGD closed @ 12380 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Hrly Level and the Low was 15 pips from 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 12320 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 within the MA's , the Bulls gained aggressively towards the Close but was within a range which signifies a range trading during Asian session. 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 , 12330-20 are the Critical levels to watch to maintain the Bullish 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 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.