Gold: A break lower 1760 is a sell signal [Video]

Jason Sen DayTradeIdeas.co.uk

Gold longs at 1770/65 target 1785/88 & perhaps as far as 1795/1800. Above 1800 look for 1813/15, perhaps as far as 1828/31.

Best support at 1770/65. Longs need stops below 1760. A break lower is a sell signal targeting 1953 then strong support at 1740/35.

AUDUSD first resistance at 6950/70. Shorts need stops above 6980. A break higher targets 7010.

Shorts at first resistance at 6950/70 target 6910/00 then 6870/60. Further losses can target 6830/20.

EURJPY eventually beat resistance at 136.75/95 for the next target of 137.70/80 with a high for the day here. A break above 138.00 signals further gains to 138.70/90.

First support at 136.80/70. A break below 136.50 risks a slide to 135.60/40.

NZDJPY again meets strong resistance at 8435/55. Shorts need stops above 8485. A break higher is a buy signal targeting 8560/70.

Shorts at 8435/55 target 8380 & possibly 8340 for profit taking. Further losses target 8320/10 then strong support at 8280/60. Longs need stops below 8230.

Emini S&P longs at strong support at 4110/4090 work as we bounce towards 4150. On further gains look for 4165, perhaps as far as 4210/20 today for profit taking. A break higher this week is a buy signal.

Strong support again at 4110/4090. Longs need stops below 4080. A break lower meets strong support at 4030/20. Longs need stops below 4000.

Nasdaq longs at first support at 12850/800 work on the bounce to 13200/250 & 7-month trend line resistance at 13365/385. A high for the day exactly here with a sell off to 13085. First support at 12900/800. Longs need stops below 12700. A break lower is a sell signal to strong support at 12350/300.

7 month trend line resistance at 13365/385. A break higher targets 13450, perhaps as far as very strong resistance at 13600/700.

Author

Jason Sen

DayTradeIdeas.co.uk

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