Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
20 November
Gold XAUUSD
- * Gold headed higher as predicted after Monday’s buy signal as we approach my 3rd target of 2643 this morning.
- * Yesterday I wrote in my update at 15:15 UK time:
Gold has some support at 2625/22 so it may bounce from here.
This proved to be the exact low of the small correction & if you bought here you are already looking at a $20 profit. - * There is key resistance at 2644/2648. If you have been long from our buy signal on the break above 2603 it’s time to take the profit & wait to see the reaction at the resistance.
- * I never trade against the trend but if you want to short here, stop above 2650.
- * A break above 2650 is a buy signal targeting 2661/64.
- * Support again at 2625/22 & longs need stops below 2618.
Silver XAGUSD
- 1. Silver break above 3090 was a buy signal for this week but we have stalled just below the next target of 3160/65.
- 2. It looks like we could reach 3190 on a break above 3170.
- 3. As I wrote in my update yesterday at 15:15 UK time:
Silver support at 3090/3080 & longs need stops below 3060
It’s not the smartest traders who succeed, nor those who work the longest hours. It’s traders who learn how to control their emotions.
Learn my trading psychology secrets to gain emotional stability in my FREE 5 day challenge!
Sign up now: https://bit.ly/3RtFyZZ
Join my free telegram group for analysis and signals.
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
20241120
