Spot Gold

SPOT GOLD  closed @ 12365 which was BELOW the open and was within prior day's trading range. The High was 1.5 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 MIXED and the Price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Turning Down while 12505 holds and Daily Trend is Limited Up while 12105 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 few Day's Range and the Bears gained mildly towards  the Close which signifies indecisiveness. The Hourly Trend has been in a Range Trading with no Clear Direction ,12425-12505 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 until there is a Clear Break. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   12303   12205   12105       BEARS:   12415   12500   12555


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

             

NZDUSD

NZDUSD closed @ 7070 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 7135 holds and Daily Trend is Sideways while 7245 holds, so expect the price to be Choppy with a  potential to Break Lower.  The  Daily Trend breached the Prior Day's High  marginally but the Bears gained aggressively towards the Close which signifies Weakness  in the First half of the Day. The  Hourly Trend  has been  in a Range Trading with a Downside  Bias, 7095-7135  are the Critical  levels to watch to maintain the Bearish Outlook . On the 5 min is along the Horizontal Channel and expect a Choppy Session with a potential to break Lower. The Opening Price Principles  suggests that NZD is Weak against all the Crosses so the Bulls have to be Sidelined until 7095-7135 is regained.


BULLS:   7005   6965   6930       BEARS:   7085   7125   7165


Today's Strategies:  SHORT near   7045   7085   with a tight stop with a 50 pips price target.   

   

USDSGD

USDSGD closed @ 13560 which was ABOVE the open and was within prior day's trading range.  The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 10 pips 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 13475 holds and Daily Trend is also Sideways while 13725 holds, so expect the price to be Choppy until Breakout.  The Daily Trend was within the  Prior  Day's Range  but the Bulls gained aggressively towards  the Close which signifies some Strength in the First half of the Day. The  Hourly Trend has  been  in a Range Trading with an Upside Bias , 13505-13475 are the Critical  levels to watch to maintain the Bullish Outlook . On the 5 min is along the Horizontal Channel  and expect a Choppy Session until there is a Clear Break. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   13540   13500   13460       BEARS:   13605   13645   13705


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

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