Sign inPreciseTrader's Commentaries
Forecast on Spot Gold (Spot Gold, NZDUSD, USDSGD)
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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