Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

18 March

Gold XAUUSD

• * Gold made a low for the day at 2982, unfortunately just above support at 2980/77.
• * Longs need stops below 2974 if tested today
• * We beat resistance at 3000/3004 which was not a surprise & the buy on a break above 3007 hit target 3010/12, probably as far as 3018/20 today.
• * If we continue higher look for 3026/28.
• * Support at 3002/2997 &longs need stops below 2992.

• * Support again at 2983/80 & longs need stops below 2975

Silver  XAGUSD

1. * Silver has recovered & did retest last week’s high at 3341, with the break above 3345 now having the potential to target the recent 2024 high at 3487.
2. * First support at 3355/50 was tested yesterday with a low for the day at 3340.
3. * Better support at 3330/3320 could see a low for the day if tested today but longs need stops below 3310.
4. * Targets: 3360, 3380
5. * The best buying opportunity for this week is at 3290/80 should we fall this far & longs need stops below 3270.

WTI Crude April future.
Last session low & high: 6725 – 6837.
(To compare the spread with the contract that you trade).

WTI Crude shorts at my sell opportunity at 6740/60  did not work this time as we unfortunately spiked above 6810 before reversing from 6837.

If we continue higher look for strong resistance at 6880/6900 & shorts need stops above 6940.
Targets: 6835 & 6775Support at 6530/20 held again last week. A break below 6500 is a sell signal targeting 6445/35 & 6395/75.

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.

https://t.me/daytradeideas

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

20250318