Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
Gold longs at 2362/57 worked perfectly on Friday hitting all targets of 2370, 2380, 2385.
Another good week trading Gold last week. We were buying on Monday & Tuesday at $2390/85 & taking profits at $2415.
We then sold the break below $2382 on Thursday & took profit at 2365.
It’s difficult because Gold is right in the middle of the 4 month range, so there is no pattern, trend or pattern to follow.
If we continue higher look for 2400 & resistance at 2404/08. Shorts need stops above 2413.
A break above 2413 we can target 2429/31.
Support at 2362/57 & longs need stops below 2352.
Silver XAGUSD
Silver should meet resistance at 2840/50
Shorts need stops above 2865.
Targets: 2800, 2770, 2750
Today’s trade ideas with stop loss & targets:
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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk
Jason Sen, Director
https://www.daytradeideas.co.uk
20240729
