Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

30 April

Gold XAUUSD

• * Gold resistance at 3350/55 again today & shorts need stops above 3365.
• * (Unfortunately we made a high for the day yesterday at 3348.36).
• * A break above 3365/70 is a buy signal targeting 3385/87 & 3395/99, perhaps as far as 3405/08.
• * Holding below 3310 risks a retest of 3263/59.
• * I can’t find a reason why this level is holding so well.
• * If we break lower on a 4th test we should then target 3250 & even a test of strong support at 3220/3210 is possible at some stage.

Silver  XAGUSD

• * Silver still holding inside last Wednesday’s range of 3207 – 3367.
• * Failure to beat first resistance at 3310/20 sees a retest of 3275/65 (a low for the day here yesterday) & we could fall as far as 3240/30.
• * A break above 3325 however can target 3340/45 before a retest of last week’s high at 3360/3367.
• * A break above 3370 this week targets 3407/3414

WTI Crude JUNE future
Last session low & high: 6012- 6207
(To compare the spread with the contract that you trade).

WTI Crude broke support at 6200/6190 & longs stopped below 6150 for a sell signal targeting 6080/6040 & as far as my lower target of 5990/70.

In fact we are hitting this target as I write. There’s no important support or indication that prices can hold the downside at this stage so further losses are possible to 5920/00, perhaps as far as 5880/50.

Gains are likely to be limited with minor resistance at 6015/35 & strong resistance at 6060/6080. Shorts need stops above 6110.

Today’s trade ideas sheet

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

20250430