|

Gold & Silver Spot Gold first support at 1222/21

Gold & Silver Spot Gold first support at 1222/21 in the sideways trend is now holding again but below here targets 1216/15 & 1211/10. Look for a buying opportunity at 1208/06, with stops below 1203.
Holding first support at 1220/22 targets 1228/29. Above 1230 look for 1232/33 & strong resistance at 1236/38. Shorts need stops above 1243.

Silver again meets strong resistance at 1448/50 & the main challenge for bulls this morning. Shorts need stops above 1455. A break higher meets a selling opportunity at 1470/80, with stops above 1490.
We bounced above key support at the September low at 1397/90 yesterday. A break lower targets very important 2.5 year trend line support at 1372/67. (Should be worth trying longs despite the bear trend).

Gold

Author

Jason Sen

Jason Sen

DayTradeIdeas.co.uk

More from Jason Sen
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD ticks lower following the release of FOMC Minutes

The US Dollar found some near-term demand following the release of the FOMC meeting minutes, with the EUR/USD pair currently piercing the 1.1750 threshold. The document showed officials are still willing to trim interest rates. Meanwhile, thinned holiday trading keeps major pairs confined to familiar levels.

GBP/USD remains sub- 1.3500, remains in the red

The GBP/USD lost traction early in the American session, maintaining the sour tone and trading around 1.3460 following the release of the FOMC meeting minutes. Trading conditions remain thin ahead of the New Year holiday, limiting the pair's volatility.

Gold stable above $4,350 as the year comes to an end

Gold price got to recover some modest ground on Tuesday, holding on to intraday gains and changing hands at $4,360 a troy ounce in the American afternoon. The bright metal showed no reaction to the release of the FOMC December meeting minutes.

Ethereum: ETH holds above $2,900 despite rising selling activity

Ethereum (ETH) held the $2,900 level despite seeing increased selling pressure over the past week. The Exchange Netflow metric showed deposits outweighed withdrawals by about 400K ETH. The high value suggests rising selling activity amid the holiday season.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).