Spot Gold

SPOT GOLD  closed @ 12480 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bullish but Overbought and the Price is Above the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Limited Up while 12260 holds and Daily Trend is also Limited Up while 12210 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious.  The  Daily Trend breached the Prior few Day's High and the Bulls were holding their gains till the Close which signifies some more Strength. The Hourly Trend has been in a Range Trading with a Limited Upside Bias ,12425-315 are the Critical  levels to watch to maintain the Bullish Outlook .On  the 5 min is along the Horizontal Channel and the Patterns are suggesting a Choppy Session with a Potential to Test the Highs one last time before a Reverse. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   12420   12360   12305       BEARS:   12505   12590   12655


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

             

NZDUSD

NZDUSD closed @ 6990 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone).   The Hourly Oscillators are Bearish but Weak and the Price is Below the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Turning Up while 6885 holds and Daily Trend is Sideways while 7225 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  but the Bears gave up marginally 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, 6965-40  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 with a potential to break Higher. The Opening Price Principles  suggests that NZD is gaining Strength against Five Crosses so the Bears have to be Sidelined until 6965-40 is regained.


BULLS:   6965   6915   6885       BEARS:   7045   7090   7145


Today's Strategies:  LONG @ the Break      7030   with a tight stop with a 50 pips price target.  

    

USDSGD

USDSGD closed @ 13560 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 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 while 13615 holds and Daily Trend is also Sideways while 13685 holds, so expect the price to be Choppy until Breakout.  The Daily Trend was within the  Prior  Day's Range  but the Price Closed unchanged  towards  the Close which signifies indecisiveness until the breakout. The  Hourly Trend has  been  in a Range Trading with a Downside Bias , 13595-13615 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 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:   13500   13450   13400       BEARS:   13575   13625   13685


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

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