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Wednesday, June 1, 2011

Forecast and Strategies on Spot Gold, NZDUSD, USDSGDForecast on Spot Gold june 2 2011 (Spot Gold, NZDUSD, USDSGD)

Forecast and Strategies on Spot Gold, NZDUSD, USDSGDForecast on Spot Gold june 2 2011 (Spot Gold, NZDUSD, USDSGD) :
SPOT GOLD

SPOT GOLD closed @ 15405 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bullish and the Price is Mildly Above the MA, so the Bears have to be Sidelined. Hourly Trend is Turning Down while 15535 holds and Daily Trend is also Turning Down while 15765 holds, so expect the price to Turn Down Soon, so the Bulls may stay Sidelined and the Bears get ready to pull the Trigger. The Daily time frame, the Price is above the MA's and pointing up , the Bulls gained but gave up mildly towards the Close. The Patterns are suggesting a range trading until the break but the upside may be limited. The Hourly time frame, the Price is mildly above the MA's and the Oscillators are suggesting an upside bias. The Patterns are suggesting a choppy session until the break . The 15min time frame, suggesting a choppy session until the break, 15345/15280 are the Critical levels to watch to maintain the Bullish Outlook.


BULLS: 15315 15225 15145 BEARS: 15485 15535 15585


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

NZDUSD

NZDUSD closed @ 8145 which was BELOW the open and breached the previous day's low. 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 Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Limited Down while 8215 holds and Daily Trend is Sideways Up while 7850 holds, so expect the price to have a Minimum Downside and the Bears have to be Cautious. The Daily time frame ,the Price is above the MA's and pointing up ,the Bears gained towards the Close. The Patterns are suggesting higher highs are expected but approaching target . The Hourly time frame, the Price is within the MA's and pointing horizontal , the Oscillators are suggesting a downside bias. The Patterns are suggesting lower lows are expected but may be limited. The 15min time frame, suggesting that the downside may be limited to 8060-00 , 8190/8215 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels and High-Low time does not gives us good signals.


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USDSGD

USDSGD closed @ 12390 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bullish and the Price is Mildly Above the MA, so the Bears have to be Sidelined. Hourly Trend is Turning Up while 12295 holds and Daily Trend is also Turning Up while 12215 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 time frame ,the Price is mildly below the MA's , the Bulls gained aggressively towards the Close. The Patterns are suggesting a temporary low may have been seen . The Hourly time frame, the Price is mildly above the MA's and pointing up, the Oscillators are suggesting an upside bias. The Patterns are suggesting a range trading with a potential to break higher . The 15min time frame, suggesting that the break of 12425 is needed for the Bulls , 12340/12295 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 2 levels and High-Low time does not gives us good signals.


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