Spot Gold

SPOT GOLD  closed @ 11165 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bearish and the price is Within the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways Down while 11336 holds and Daily Trend is Sideways while 10985 holds, so expect the price  to be Choppy with a Downside bias.   The  Daily Trend breached the prior Day's  Low  the Bears gained towards the close . The  Hourly Trend  has  been in a Range Trading  with the Downside  Bias , 11315-11336  are the critical  levels to watch to maintain the Bearish  Outlook . On the 5 min is along the gradual Down  Channel and the Patterns are suggesting a Choppy Session  with a potential to break lower. The Opening Price Principles  are mixed  so Cautious approach is needed  until the break.

BULLS:   11205   11145   11055       BEARS:   11285   11352   11455

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

Aggressive Traders :  SHORT near   11285   11330   with a tight stop and   6-8 pts   price targets.

NZDUSD

NZDUSD closed @ 7145 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the price is Above the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 7205 holds and Daily Trend is Corrective Up while 7015 holds, so expect the price  to be Choppy with a Downside bias.   The  Daily Trend  was within Prior Day's Range and  Closed Unchanged  towards the close. The  Hourly Trend  has  been in a Range Trading  with a Limited  Upside Bias , 7170-7205   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 a Choppy Session  with a potential to Turn Down soon. The Opening Price Principles are mixed  so Cautious approach is needed  until the break.

BULLS:   7120   7040   6975       BEARS:   7180   7205   7250

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

Aggressive Traders :  SHORT @ the Break      7120   with a tight stop with a 50 pips price target.      

USDSGD

USDSGD closed @ 13955 which was ABOVE 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 25 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the price is Within the MA, so the Bears have to be sidelined. Hourly Trend is Sideways while 13900 holds and Daily Trend is also Sideways while 14045 holds, so expect the price  to be Choppy with a Upside bias.   The Daily Trend breached  the  prior day's High  with the  Bulls giving up mildly towards the close. The  Hourly Trend has been in a Range Trading with an Upside  Bias , 13915-00  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 Choppy Session with a potential to break higher . The Opening Price Principles are mixed so Cautious approach is needed until the break.

BULLS:   13920   13860   13810       BEARS:   14005   14040   14100

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only