Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

17 June

Gold XAUUSD

• * Gold could not hold above 3435/3430 & broke minor support at 3412/08 for a sell signal, hitting the next downside target of 3390/86, with a low for the day at 3382.
• * Below 3382 today targets 3372/68.
• * A break below 3363 is a sell signal targeting 3349/45.
• * It’s difficult to identify decent opportunities as we hold inside of a slowly rising 1 month channel, with deep corrections of around $100.
• * We must scalp the short term levels.
• * If this correction follows the pattern then we can expected to see 3349/45 but 3330/25 is not out of the question.
• * Minor resistance at 3410/15 (you’ll remember us holding this area yesterday morning on the way down).

• * A break above 3324 opens the door to 3335/40 before a retest of yesterday’s high at 3350/51.

Silver  XAGUSD

1. * Silver barely moving with 2 Doji’s & holding inside of Friday’s range, so same levels apply for today.
2. * For today support at 3580/60 will be key again.
3. * A break above 3665 could trigger a retest of the June high at 3680/90.

• * However a break below 3540 risks a slide to 3510/00 & perhaps as far as 3490/3480.

WTI Crude JULY future

Last session low & high: 6938 – 7749
(To compare the spread with the contract that you trade).

WTI Crude July very volatile again as prices initially collapsed as far as support at 7150/7100 but continued lower to the next target of 6950/6920, with a low for the day here.

We then shot higher to the 7350/7400 level with a high for the bounce here.

A break above 7450 opens the door 7600 before a retest of 7730/62. A break above 7790 can target 7830/60.

8100/8150 is possible eventually.Failure to beat minor resistance at 7350/7400 targets support at 7150/7100. (The last swing low held this level).

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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

20250617