Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

27 March

Gold XAUUSD

• * Gold shorts at resistance at 3029/3033 worked perfectly  for the 3rd day  in a row yesterday with a high for the day below 3032
• * A good profit offered on the slide to 3016.
• * Good support again today in the 3004/3001 range & longs need stops below 2996.
  Targets: 3012, 3020.
•  
• * Gold is probably forming another sideways consolidation because we have rejected the longer term 1 year ascending trend line I talked about last week.
•  
• * Resistance again at 3029/3033 & shorts need stops above 3036.
  Targets: 3022, 3014
• * Just be aware that a break below 2996 is a sell signal targeting 2986/84, perhaps as far as 2980/78.

• * Also a break above 3036 can target 3043/45.

Silver  XAGUSD

1. 1. Silver should meet support at 3300/3290 & longs need stops below 3265
2. 2. A high for the day exactly at minor resistance at 3380/90 but a break above 3397 today can target the March high at 3415/25.
3. 3. On a break above 3425 look for a retest of the 2024 high at 3480/90.

WTI Crude MAY future
Last session low & high: 6906 – 7022
(To compare the spread with the contract that you trade).

WTI Crude held above 6860/6900 yesterday & beat 6970 for the next target of 7000 & perhaps as far as 7060/80 today.

First support at 6910/6890 & longs need stops below 6860.
Targets: 6960, 7010A break below 6860 risks a slide to 6830 before support at 6790/6760. Longs need stops below 6740

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

20250327