Spot Gold
SPOT GOLD closed @ 10925 which was ABOVE the open and breached the previous day's high. The High was 2 Dollars from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways Down while 11005 holds and Daily Trend is Corrective Down while 11185 holds, so expect the price to be Choppy with a Downside bias. The Daily Trend was within the Prior Day's Range but the Bulls gave up half of their gains towards the close . The Hourly Trend has been in a Range Trading with the Downside Bias , 10955-11005 are the critical levels to watch to maintain the Bearish Outlook . On the 5 min is along the Horizontal Channel and the Patterns are suggesting a Choppy Session with a potential to break Lower provided 10955-11005 holds. The Opening Price Principles are mixed so Cautious approach is needed until the break.
BULLS: 10885 10830 10770 BEARS: 10955 11010 11065
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : SHORT near 10955 11010 with a tight stop and 6-8 pts price targets.
NZDUSD
NZDUSD closed @ 7035 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways Down while 7085 holds and Daily Trend is also Sideways Down while 7165 holds, so expect the price to be Choppy with a Downside bias. The Daily Trend was within the Prior Day's Range but the Bulls gave up most of their gains towards the close . The Hourly Trend has been in a Range Trading with a Downside Bias, 7060-85 are the critical levels to watch to maintain the Bearish Outlook . On the 5 min is along the Horizontal Channel and the Patterns are suggesting Lower lows are expected provided 7060-85 holds. The Opening Price Principles are Mixed so Cautious approach is needed until the break.
BULLS: 7010 6975 6930 BEARS: 7065 7110 7160
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : SHORT near 7065 7110 with a tight stop with a 50 pips price target.
USDSGD
USDSGD closed @ 14080 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Zone 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 Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Turning Down while 14135 holds and Daily Trend is Corrective Up while 13930 holds, so expect the price to be Choppy and Upside may be limited. The Daily Trend breached the Prior Day's High marginally with the Bulls holding their gains till the close . The Hourly Trend has been in a Range Trading with a potential to turn Down soon, 14115-35 are the critical levels to watch to maintain the Bearish Outlook . On the 5 min is along the gradual Up Channel and the Patterns are suggesting it may turn down soon. The Opening Price Principles are Mixed so Cautious approach is needed until the break.
BULLS: 14045 14015 13935 BEARS: 14105 14135 14225
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : SHORT near 14105 14135 with a tight stop with a 50 pips price target.
