Members login
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
Written by article default Thursday, 23 June 2011 06:24
SPOT GOLD
SPOT GOLD closed @ 15480 which was UNCHANGED from the open and was within prior day's trading range. The High was 1 Dollars from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bullish but Overbought and the Price is Mildly Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Limited Up while 15325 holds and Daily Trend is Sideways while 15100 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame, the Price is above the MA's and pointing up , the Bulls gained but gave up towards the Close which signifies some Weakness in the initial stage of the day. The Patterns are suggesting a range trading until the break . The Hourly time frame, the Price is mildly above 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 High /Low for the Week may be limited to 15695-15765/15325-15235 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: 15415 15335 15235 BEARS: 15540 15630 15730
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 8145 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Tgt 2 and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Mildly Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Turning Down while 8240 holds and Daily Trend is Limited Down while 8210 holds, so expect the price to Turn Down Soon, so the Bulls may stay Sidelined and the Bears get ready to pull the Trigger. The Daily time frame ,the Price is mildly above the MA's and pointing horizontal, the Bulls gained but gave up mildly towards the Close which signifies a limited upside during the initial stage of the day. The Patterns are suggesting a range trading until the break . The Hourly time frame, the Price is mildly above 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 with a limited upside , 8100-8085 are the Critical levels to watch to maintain the Bullish Outlook. The High /Low for the Week may be limited to 8230-95/8025-7975 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.
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 @ 12330 which was UNCHANGED from 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 Zone 1. The Hourly Oscillators are Turning Bullish and the Price is Within the MA, so the Bears have to be CAUTIOUS. 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 Price closed unchanged 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 an upside bias. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break , 12380/12405 are the Critical levels to watch to maintain the Bearish Outlook. The High/Low for the Week may be limited to 12445-12545/12300-12265 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.
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.