DayTradeIdeas
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DayTradeIdeas
With almost 40 years experience, Jason Sen began trading his own account on the floor of the London International Financial Futures Exchange at the age of 19, in 1987. He spent 15 years specialising in market making interest rate and index options on floor then moved on to trading forex on screen at the turn of the millennium.
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Joined on 6th February 2025
19 February
Gold XAUUSD
- Gold unexpectedly shot higher to through resistance again at 2900/2905 & shorts were stopped above 2910.
- Gold is at a critical level as we test the short term 1 week upper trend line at 2935/40.
If you want to try a short, stop above 2944. - A sustained break above 2944 is a buy signal & we are likely to target 2956/58 & 2962/64.
- However failure to beat resistance at 2935/40 targets 2925/22 & 2916/13.
11 February
Gold XAUUSD
- Gold clearly remains in a longer term bull trend so I will continue to buy dips & breaks above resistance or previous highs.
- We beat minor resistance at 2888/2892.
- The break above 2893 was a buy signal for this week targeting 2899/2901, then 2906/08.
- These targets were hit for a potential profit of up to 130-150 ticks, with a high for the day at 2911.
- Over night Gold has shot higher again to 2942.
- We could struggle at 2942/46. I am not suggesting a short in such a strong bull trend but a pull back from here could offer a buying opportunity at 2926/22.
longs need stops below 2917. - Further losses meet a buying opportunity at 2910/07 & longs need stops below 2902.
- A break above 2946 is a buy signal targeting 2953/55 & 2964/68 for profit taking.
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Silver XAGUSD
- Silver made a low for the day exactly at support at 3180/60 & longs worked perfectly as we shot higher to 2333.
- Support at 3180/60 again today & longs need stops below 3150.
- A break below 3150 sees 3160/80 act as resistanc
