Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
23 September
Gold XAUUSD
- 1. Gold did make a break above 2604 (despite Wednesday’s negative candle) & if you bought back in to longs we hit my target 2620/22 perfectly and make a new all time high just above, at 2525.
- 2. New targets for this week: 2633/35, 2642/44 & 2648/50. If we continue higher look for 2655.
- 3. First support at 2619/17 if you want to be aggressive about buying this week but we could certainly drift as far as 2612/11 if there is little activity on Monday.
- 4. The best support should be at 2604/2599 & longs need stops below 2594.
WTI Crude November future.
Last session low & high for the November contract: 7037 – 7145
(To compare the spread with the contract that you trade).
- 1. WTI Crude should find resistance at 7100/7150.
Shorts need stops above 7200.
Targets: 7050, 7000. - 2. Support at 7000/6970 but longs need stops below 6920.
Targets: 7050, 7100 - 3. The best support should be at 6890/6860 but longs need stops below 6830
Targets: 6930, 6980.
4. A break above 7200 is a buy signal targeting 7310/7330
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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
20240923
