Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

How I use trend lines to identify trading opportunities :: AUDJPY head & shoulders sell signal.

Gold XAUUSD

• * Gold shorts at my sell opportunity at strong resistance at 3367/72 worked perfectly as we hit 3355 & 3343 & support at 3310/3305.
• * I warned this was mid range so there was only a 50/50 chance of a bounce from here.
• * The break below 3000 triggered a slide to my 1st target of 3283/80 & within 2 points of the next target of 3263/59.
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• * First resistance at 3315/20 this week. Shorts need stops above 3325.
• * A break higher can target resistance at 3350/55. Shorts need stops above 3365.
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• * I doubt we can bounce from 3263/59 on a 3rd test & a break lower is more likely this time.
• * We should then target 3250 & even a test of strong support at 3220/3210 is possible at some stage.
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• * A break above 3365/70 is a buy signal targeting 3385/87 & 3395/99, perhaps as far as 3405/08.

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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

20250428