FX:Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
SPOT GOLD
SPOT GOLD closed @ 15425 which was ABOVE the open and was within prior day's trading range. The High was 0.5 Dollars from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 0.5 Dollars from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 15295 holds and Daily Trend is Limited Up while 14625 holds, so expect the price to be Choppy until Breakout. The Daily time frame, the Price is above the MA's and horizontal , the Bulls gained mildly towards the Close. The Patterns are suggesting a range trading until the break . The Hourly time frame, the Price is within the MA's and the Oscillators are suggesting bullish signals. The Patterns are suggesting a choppy session until the break . The 15min time frame, suggesting a choppy session until the break, 15365/15295 are the Critical levels to watch to maintain the Bullish Outlook.
BULLS: 15375 15315 15265 BEARS: 15495 15535 15625
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
NZDUSD
NZDUSD closed @ 8250 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Tgt 2 and the Low was 15 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Mildly Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 8175 holds and Daily Trend is Sideways Up while 7760 holds, so expect the price to be Choppy until Breakout. The Daily time frame ,the Price is above the MA's and pointing up ,the Bulls gained but gave up mildly towards the Close. 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 an upside bias. The Patterns are suggesting a range trading until the break. The 15min time frame, suggesting choppy session until the break , 8205/8175 are the Critical levels to watch to maintain the Bullish Outlook. 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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USDSGD
USDSGD closed @ 12310 which was BELOW the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 12365 holds and Daily Trend is Sideways Down 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 Bears 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 within the MA's and horizontal, the Oscillators are suggesting mixed signals. The Patterns are suggesting a range trading until the break . The 15min time frame, suggesting a choppy session until the break , 12340-65 are the Critical levels to watch to maintain the Bearish Outlook. 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.