Spot Gold

SPOT GOLD  closed @ 12510 which was ABOVE the open and was within prior day's trading range. The High was 0.5 Dollars from Precise Trader's Res Tgt 2 and the Low was 2 Dollars 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 12650 holds and Daily Trend is Limited Up while 12225 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  is still  Bullish and was Trading within a Range  but the Bulls gave Up Mildly towards the Close which signifies a Choppy session until the Break. The MA is suggesting that the Bulls are Weakening but may test the 12650 level before a Reverse. The Hourly Trend has been in a Range Trading with a Limited Upside Bias and the Patterns are suggesting that 12545 must give way to reach the Price Target ,12455-405 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 1 levels.


BULLS:   12460   12405   12340       BEARS:   12525   12590   12655


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

              

NZDUSD

NZDUSD closed @ 7145 which was ABOVE the open and breached the previous day's high. The High was 55 pips from Precise Trader's Res Tgt 3 and the Low was 125 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 7095 holds and Daily Trend is also Sideways while 6945 holds, so expect the price to be Choppy until Breakout.  The  Daily Trend  is still  Bullish but just moving out of Trading Range  but the Bulls gave Up Mildly towards the Close which signifies a Choppy session until the Break. The MA is suggesting that the Bulls  have momentum to test the Highs. The Hourly Trend has been in a Range Trading with an Upside Bias and the Patterns are suggesting that 7185 must give way to reach the Price Target of 7250-70 , 7105-7080 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 1 levels.


BULLS:   7085   7035   6985       BEARS:   7230   7285   7330


Today's Strategies:  LONG near   7105   7085   with a tight stop with a 50 pips price target.   

   

USDSGD

USDSGD closed @ 13460 which was UNCHANGED from 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 5 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bearish but Oversold and the Price is Below the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Sideways while 13525 holds and Daily Trend is Sideways Down while 13615 holds, so expect the price to be Choppy until Breakout.  The  Daily Trend  is still Bearish but is losing momentum but the Bears gave Up Mildly towards the Close which signifies mild Strength . The MA is suggesting that the Bears are still Strong but the Oscillators are suggesting we may see a pullback. The Hourly Trend has been in a Range Trading with a Limited Downside  Bias and the Patterns are suggesting that if 13425 gives way we can expect the Price to reach 13370-25 before a Reverse ,13500-25 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 1 levels.


BULLS:   13425   13370   13310       BEARS:   13515   13545   13605


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

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