Jason Sen talks positions on precious metals - gold and silver - 08/12/2022

Today's Analysis.

Silver longs at strong support at 2220/00 worked perfectly with a low for the week exactly here & a bounce to all targets as far as 2280.

Today's Analysis.

Gold longs at best support at 1765/60 work as we hit my targets as far as 1791/92 with strong resistance at 1800/1805 again today. A break above 1810 is an important buy signal.

Downside is expected to be limited with minor support at 1775/73. Best support again at 1765/60. Longs need stops below 1758.

Advertising

Silver longs at 2220/00 worked perfectly as we reach the 2280 target. Further gains today meet minor resistance at 2295/2300. Strong resistance at 2330/50 - shorts stop above 2365 & reverse in to a long on a break higher, using 2350/30 as support targeting 2395, 2410 & eventually 2445/55.

Jason Sen

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. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk

Jason Sen talks positions on precious metals - gold and silver - 08/12/2022

Table of contents

Today's Analysis.

Jason Sen

Topics