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PreciseTrader's Commentaries

Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)

by PreciseTrader on Feb 9, 2010


Spot Gold

SPOT GOLD  closed @ 10633 which was BELOW the open and was within prior day's trading range. The High was 2 Dollars from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Corrective Down while 10865 holds and Daily Trend is also Corrective Down while 11115 holds, so expect the price  to be Choppy until the breakout happens.  The  Daily Trend breached marginally higher than the prior day's high but closed within range . The  Hourly Trend  has  been in a Range Trading with a  the Upside limited ,10775-10865 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 any retracement higher should be limited. The Opening price principle are mixed so expect a choppy session until the breakout .

BULLS:   10525   10445   10395       BEARS:   10785   10905   

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.       

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               

 


NZDUSD

NZDUSD closed @ 6830 which was BELOW 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 Tgt 2.   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 Corrective Down while 6920 holds and Daily Trend is also Corrective Down while 7040 holds, so expect the price to be Choppy and Downside may be limited.  The  Daily Trend  was within prior day's Range. The  Hourly Trend  has been in a Range Trading and expect a Choppy session until the breakout , 6920-6980  are the critical  levels to watch to maintain  the bearish outlook .  On the 5 min is along the Horizontal Channel  with no clear indication of the direction and  the price patterns are suggesting that it may bottom soon so Cautious approach is needed for the Bears . The Opening price principle are mixed so Cautious approach is needed . 

BULLS:   6790   6730          BEARS:   6920   6980   

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.       

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               

 


USDSGD

USDSGD closed @ 14240 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 PRECISELY at 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 Sideways while 14165 holds and Daily Trend is Corrective Up while 14050 holds, so expect the price to be Choppy and Upside may be limited.  The Daily Trend  was within  prior day's Range. The  Hourly Trend has been in a Range Trading with no clear signal , 14165-14105  are the critical  levels to watch to maintain  the bullish outlook .  On the 5 min is along the Horizontal  Channel and  the price patterns are suggesting choppy session is expected until the breakout . The Opening price principle suggests no clear direction so Cautious approach is expected.

BULLS:   14175   14120   14070       BEARS:   14275   14320   14370

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.       

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               



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