Spot Gold
SPOT GOLD closed @ 11292 which was BELOW the open and breached the previous day’s low. The High was 30 pips from Precise Trader’s Res Tgt 1 and the Low was 30 pips from Precise Trader’s Sup Tgt 3. 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 Sideways Down while 11540 holds and Daily Trend is Sideways Up while 10965 holds, so expect the price to be Choppy and Downside may be limited. The Daily Trend looks like it is having a pullback. The Hourly Trend has been in a Range Trading with a downside bias but may be limited to 11107-11010 levels ,11390-11490 are the critical levels to watch to maintain the bearish outlook . On the 5 min is along the Horizontal Channel and the price patterns are suggesting the bears might have a final push before any significant move up . The Opening price principle suggests no clear direction but we believe that the bears may be in control for the Europe Session.
BULLS: 11245 11180 11030 BEARS: 11345 11415 11490
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
NZDUSD
NZDUSD closed @ 7385 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 15 pips from Precise Trader’s Sup Tgt 1. 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 Sideways while 7320 holds and Daily Trend is also Sideways while 7225 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend has been in a Range Trading for a few days. The Hourly Trend has also been in a Range Trading with no clear direction , 7345-20 are the critical levels to watch to maintain the bullish outlook . On the 5 min is along the gradual Down Channel and the price patterns are suggesting a choppy session until the break. The Opening price principle suggests no clear direction but the bulls might gain some strength initially.
BULLS: 7355 7320 7280 BEARS: 7455 7490 7520
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
USDSGD
USDSGD closed @ 13905 which was ABOVE 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 30 pips from Precise Trader’s Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 13975 holds and Daily Trend is also Sideways while 14055 holds, so expect the price to be Choppy and Downside may be limited. The Daily Trend has been in a Range Trading. The Hourly Trend has also been in a Range Trading with no clear direction , 13950-75 are the critical levels to watch to maintain the bearish outlook . On the 5 min is along the Horizontal Channel and the price patterns are suggesting a choppy session until the breakout . The Opening price principle suggests no clear direction.
BULLS: 13850 13805 13730 BEARS: 13950 13995 14000
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
