Spot Gold

SPOT GOLD  closed @ 12550 which was ABOVE the open and breached the previous day's high. The High was 0.5 Dollars from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Limited Up while 12440 holds and Daily Trend is also Limited Up while 12300 holds, so expect the price to have a Minimum Upside and the Bulls have to be Cautious.  The  Daily Trend  is  Bullish breached the prior Day's high  but the Bulls gave up  Mildly towards the Close which signifies a Pullback in the First half of the Day. The MA is suggesting that the Bulls are still strong and may test the 12650-735 levels before a Reverse and the  Oscillators are saying the same. The Hourly Trend has been in a Range Trading with a Limited Upside Bias and the Patterns are suggesting that 12515  may hold and 12680 may be seen before a Reverse ,12495-440 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:   12520   12480   12440       BEARS:   12605   12685   12850


Today's Strategies:  LONG near   12515   12445   with a tight stop and   6-8 Pts    price targets.

NZDUSD

NZDUSD closed @ 7200 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 10 pips from Precise Trader's Hrly Level.   The Hourly Oscillators are Bearish but Weak and the Price is Within the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Limited Down while 7260 holds and Daily Trend is Sideways while 7075 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious.  The  Daily Trend  is still  Bullish but was within prior Day's Range and the Bears gained towards the Close which signifies some Weakness but may be Limited. The MA is suggesting that the Bears may struggle to gain aggressively and the Oscillators are saying the same. The Hourly Trend has been in a Range Trading with a  Limited Downside Bias and the Patterns are suggesting that the Price may creep Lower but should be Limited to 7130-7095 levels , 7225-60 are the Critical  levels to watch to maintain the Bearish Outlook. The Opening Price Principles suggests that NZD is Weak against four Crosses but should be Limited , so the Bears must be Cautious.


   7135   7095   7065       BEARS:   7215   7265   7315


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

           

USDSGD

USDSGD closed @ 13495 which was ABOVE the open and breached the previous day's high.  The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 25 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the Price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Turning Up while 13350 holds and Daily Trend is Sideways Down while 13615 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  is Bearish but is losing momentum ,  breached the Prior Day' high and the Bulls were holding till  the Close which signifies a choppy session with some Strength . The MA is suggesting a Choppy Session  but the Oscillators are suggesting that the Bears may gain . The Hourly Trend has been in a Range Trading with a Limited Downside  Bias and the Patterns are suggesting that if the Bears are not able to Crack the 13415 mark then they would surrender  ,13415-13350 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:   13445   13400   13360       BEARS:   13505   13550   13615


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

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