Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
17 January
Gold XAUUSD
- * Gold longs at support at 4580/70 worked perfectly with a low for the day twice here yesterday.
- * The first bounce offered up to $50 profit as we shot higher to my next target of 4633, with a new all time high almost exactly here.
- * The retest of the support at 4580/4570 made a low for the day at 4568.50 so again, the long trade worked perfectly & as I write we are trading at 4623 for another potential profit of $50.
- * Up to 1000 ticks profit on the day.
- * Further gains are expected to 4645, 4654 then eventually 4671/4674.
Silver XAGUSD
- * Silver higher again as predicted with a push higher from support at 8340/8320.
- * We wrote: A break above 8630 targets 8680/90, 8710/15, 8760/75 & even 8810/8820 is possible.
- * All targets were achieved yesterday as we hit a new all time high at 9000.
- * Don’t fight the bulls!!
- * Next targets are 9042/45, 9085/9090 & 9120/9130. Even 9185/9195 is possible.
- * Above here look for 9250/9260.
- * Just be aware that silver has soared 35% in just 4 days. Prices could collapse without any notice so be careful.
WTI Crude January futures.
Last session low & high: 5947- 6150
(To compare the spread with the contract that you trade).
WTI Crude eventually beat resistance at the upper end of the 2 week range at 5850/5890 last week and this was my buying opportunity with a low for the week here on Monday, exactly as predicted.
Longs worked perfectly as we hit 5991 on Monday and my next target of 6110/6130 yesterday. A break above 6050 today is a buy signal targeting 6120/50, perhaps as far as 6230/6270.Support at 6030/5980 & longs need stops below 5940.
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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
20260114
