Gold, Silver and stock markets buy signals – Dollar sell signal

Jason Sen DayTradeIdeas.co.uk

XAU/USD

Gold hit the next targets of 5060/63, 5075, 5085. 5095 & as 5110 on Monday.
On Tuesday we hit my next targets of 5128/5130, 5145/46, 5165/68 & ran as far as 5234 as I write over night.
Today I look for 5260/65, 5290/95 & perhaps as far as 5310/15 eventually.
Minor support at 5190/5180 & longs need stops below 5160.
A break lower risks a slide to support at 5105/5095 & longs need stops below 5080.
Just be aware that a daily close below 5150 risks a more neutral short term outlook but there's definitely no sell signal despite severely overbought conditions at this stage.

XAG/USD

Silver hit all targets again as we race as far as 117.69.
Holding above 106.50/106.00 was positive for today & although we dipped to 105.00 silver recovered quickly.
This can allow a retest of the new all time high at 117.69 although we only crawled to 114.54 as I write over night.
A break above 117.69 can target 119.80, 121.20, 122.20, 123.30, 124.90.
Holding above 113.50/113.00 keeps bulls in full control today.
However a break below 112.50 risks a slide to 111.20/110.70.
A break below 109.50 can target 106.20/105.60.

Author

Jason Sen

DayTradeIdeas.co.uk

EUR/USD keeps losses near 1.2000 as USD rebound ahead of Fed

EUR/USD is holding sizeable losses near 1.2000 in the European session on Wednesday. The pair retraces from a five-year high amid renewed US Dollar demand. All eyes will be on the US Federal Reserve interest rate decision due later on Wednesday.

GBP/USD stays in red near 1.3800, as focus shifts to Fed verdict

GBP/USD sticks to sizeable losses near 1.3800 in European trading on Wednesday. The US Dollar stages a solid comeback on profit-taking as traders adjust their positions ahead of the key Fed policy announcements. This contributes to the downside in the pair alongside cautious markets.

Gold buying remains unabated amid safe-haven flows; $5,300 in sight ahead of Fed

Gold continues scaling new all-time peaks for the eighth straight day and moves closer to the $5,300 mark during the early part of the European session on Wednesday. Investors continue to take refuge in traditional safe-haven assets on the back of economic and geopolitical uncertainties, fueled by US President Donald Trump's decisions.

BoC set to keep rates unchanged, reinforcing its wait-and-see stance

The Bank of Canada is widely expected to leave its benchmark rate unchanged at 2.25% at Wednesday’s meeting, extending the pause it signalled back in December. The Bank of Canada will announce its policy decision on Wednesday at 14:45 GMT alongside the Monetary Policy Report.

Big Tech Earnings: Tesla, Meta, Microsoft, Apple to steer market trajectory

Four companies are set to decide the direction of the stock market this week, with guidance – not headline earnings – likely determining whether the AI rally continues or cracks.

Bitcoin Cash Price Forecast: Retail interest sparks in BCH amid reversal chances

Bitcoin Cash (BCH) is trading around $600 at press time on Wednesday, framing a potential double bottom reversal on the daily chart. The BCH token is witnessing renewed capital inflows into its futures contracts amid a positive funding rate cycle, signaling renewed investor interest.