Spot Gold

SPOT GOLD  closed @ 11640 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 1 and the Low was 0.5 Dollars from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish but Weak and the Price is Below the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Limited Down while 11775 holds and Daily Trend is also Limited Down while 12045 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious.  The  Daily Trend was within the Prior Day's Range and the Price Closed unchanged towards the Close . The  Hourly Trend has been in a Range Trading with a  Limited Downside  Bias,11735-775 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 Turn Up Soon. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   11580   11450   11360       BEARS:   11715   11845   11935


Today's Strategies:  Trade @ the Bulls & Bears Levels Only.  

             

NZDUSD

NZDUSD closed @ 7270 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Turning Up while 7150 holds and Daily Trend is Limited Up while 7105 holds, so expect the price  to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger.  The  Daily Trend breached the Prior Day's  Low and the Bears were holding their gains till the Close . The  Hourly Trend  has been in a Range Trading with a Limited Downside Bias, 7295-7315 are the Critical  levels to watch to maintain the Bearish Outlook . On the 5 min is along the Steep Down Channel and the Patterns are suggesting a Choppy Session until there is a Clear Break . The Opening Price Principles are suggesting that NZD is Weak against all the Crosses but should be limited, so the Bears must be Cautious.


BULLS:   7205   7125   7085       BEARS:   7265   7325   7365


Today's Strategies:  LONG near   7165   7125   with a tight stop with a 50 pips price target. 

     

USDSGD

USDSGD closed @ 13680 which was ABOVE the open and breached the previous day's high.  The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 20 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 Turning Down while 13735 holds and Daily Trend is Limited Down while 13805 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 Trend was within  the  Prior  Day's Range but the Bulls gained towards the Close . The  Hourly Trend has been in a Range Trading with a Limited  Upside Bias, 13715-35 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 Turn Down Soon. The Opening Price Principles  are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   13640   13600   13540       BEARS:   13720   13765   13805


Today's Strategies:  Trade @ the Bulls & Bears Levels Only.               

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