Forecast for Spot Gold

 
NZD/USD closed @ 8265 which was ABOVE the open and breached the previous day's high.  The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Sup Zone 1.
The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined.  Hourly Trend is Sideways Up while 8155 holds and Daily Trend is also Sideways Up while 7835 holds, so expect the price to be Choppy with a potential to Break Higher.
The Daily time frame, the Price is above the MA's and pointing up, the Bulls gained and were holding towards the close.  The Patterns are suggesting higher highs are expected but Cautious approach is needed.  The Hourly time frame, the Price is above the MA's and pointing up , the Oscillators are suggesting an upside bias.  The Patterns are suggesting a range trading until the breakout.  The 15min time frame, suggesting a choppy session until the breakout, 8220/8155 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.

BULLS:    8230    8175    8130    BEARS:    8290    8345    8415

Today's Strategies:   LONG near 8230 8175 with a tight stop with a 35-50 pips price target

USD/SGD
 
USD/SGD closed @ 12555 which was UNCHANGED from the open and breached the previous day's high. The High was 15 pips from 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 Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Turning Down while 12695 holds and Daily Trend is Sideways while 12785 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 below the MA's and pointing down, the Bears gained mildly towards the close.  The Patterns are suggesting lower lows are expected.  The Hourly time frame, the Price is below the MA's and pointing down, the Oscillators are suggesting a downside bias .  The Patterns are suggesting a downside bias.  The 15min time frame, suggesting a choppy session until the breakout, 12610-95 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 give us good signals.