Gold & Silver spot

Jason Sen DayTradeIdeas.co.uk

Gold longs at the best support for today at 1694/93 were perfect, but shorts at 1704/06 stopped above 1712 so we gave back some profit. The next test overran a little, but only to 1691. Obviously this level is key to direction today so a break lower is a sell signal. Silver is not worth trading when there appear to be better opportunities in Gold. Silver is barely moving.

Today’s Analysis Gold best support for today at 1694/93 but be ready to sell a break below 1690 to target 1679/76 for profit taking on shorts. If we continue lower look for 1672/70, perhaps as far as 1661/59.

Longs at 1694/93 targets 1704/06, perhaps as far as 1712/13. A break higher targets 1718/20. Unlikely but if we continue higher look for 1728 & 1731/32 before a retest of 1738. Obviously we have key resistance at the bull market high of 1744/46. A sustained break above is a buy signal initially targeting 1750/51.

Silver lacking any direction as we trade sideways throughout April. First support at 1505/00 but below 1490 targets 1483/81, perhaps as far as strong support at 1451/48.

Minor resistance at 1514/17 & again at last week’s high of 1541/42 but above here targets

1552 & 1559/62. Try shorts at 1583/88 with stops above 1593.

Trends

Weekly outlook is positive
Daily outlook is neutral
Short Term outlook is neutral

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

AUD/USD remains above 0.7200 after China's trade data

AUD/USD sits above 0.7200 in the Asian session on Tuesday, near its highest level since May 14. The US Dollar stays under pressure as a rallying Japanese Yen outweighs support from hawkish Fed bets and geopolitical tensions. This, along with firming expectations for another RBA rate hike later this month, acts as a tailwind for the Aussie. However, mixed China trade balance data keep the pair restricted.

USD/JPY rebounds above 154.00 as markets assess BoJ outlook

USD/JPY rebounds from the six-month low it touched below 153.00 earlier in the day and trades above 154.00 in the second half of the day. Nevertheless, the upside attempts resemble technical corrections for now as Japan's upbeat wage growth data and Q2 GDP revision cement bets on a BoJ rate hike next week and continue to support the Japanese Yen.

Gold reverses early gains as US Dollar rebounds, Oil prices rise

Gold (XAU/USD) struggles to hold early gains and reverses course on Tuesday as a modest rebound in the US Dollar (USD) and rising Oil prices weigh on the precious metal. At the time of writing, XAU/USD trades around $4,400 after reaching an intraday high near $4,443.

Ripple and Stellar outlook: Hold bullish bias above EMAs as derivatives back upside

Ripple (XRP) and Stellar (XLM) hold above the key support zones on Tuesday, hinting at an upside move. Derivatives metrics further support the recovery, with both altcoins showing positive funding rates and rising long positions. Derivatives data shows a bullish tilt among XRP and XLM traders.

Europe in focus: September 2026

Six major net contributors demanded substantial cuts to the European Commission’s proposed 2028–2034 EU budget. Germany, Denmark, the Netherlands, Austria, Finland and Sweden issued a joint position on 27 August calling for the nearly €2 trillion proposal to be reduced by several hundred billion euros and rejecting additional common EU borrowing.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.