Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
01 September
Video analysis:
Silver break below 6585 hit my 1st downside target of 6565/6560. We made a low for the day 5 ticks below.
Silver shot higher to first resistance at 6710/6730 & we made a high for the day just 13 ticks above here.
Holding below 6645/6630 risks a slide to 600/6590 before a retest of 6565/6560.
Further losses meet an excellent buying opportunity at 6490/6460.
This could mark a low for this downside correction but longs need stops below 6410.
Holding above 6650 allows a recovery to 6685/90 & 6720/6730.
Further gains meet resistance at 676755/6775.
Shorts need stops above 6800.
A break above can target 6830/6835 & 6870.
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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.
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Jason Sen, Director
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