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Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Wednesday, 22 June 2011 06:10
SPOT GOLD
SPOT GOLD closed @ 15480 which was ABOVE the open and breached the previous day's high. The High was 2 Dollars from Precise Trader's Res Tgt 1 and the Low was 1 Dollars 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 15325 holds and Daily Trend is also Sideways while 15100 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 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 above the MA's and pointing up, the Oscillators are suggesting an upside bias. The Patterns are suggesting a choppy session until the break .The Low for today may be limited to 15385-325 levels. The 15min time frame, suggesting a choppy session until the break, 15420/15325 are the Critical levels to watch to maintain the Bullish Outlook.
BULLS: 15340 15265 15200 BEARS: 15540 15630 15730
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 8125 which was ABOVE 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 5 pips from Precise Trader's Sup Zone 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 8215 holds and Daily Trend is Limited Down while 8210 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is within the MA's and pointing horizontal, the Bulls gained mildly towards the Close but was within range which signifies a choppy 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 range trading until the break . The 15min time frame, suggesting a choppy session until the break , 8170/8215 are the Critical levels to watch to maintain the Bearish Outlook. The High & Low for the Day may be limited to within a 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 @ 12325 which was BELOW the open and was within prior day's trading range. The High was 5 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 but Weak and the Price is Mildly Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways while 12405 holds and Daily Trend is also Sideways while 12495 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is within the MA's , the Bears gained towards the Close but was within a 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 downside bias. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break , 12375/12405 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 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.