Gold break above 2,650 was a buy signal targeting 2,661/64, 2,670 and 2,677/79

Jason Sen DayTradeIdeas.co.uk

Gold

Gold break above 2650 was a buy signal targeting 2661/64 & the break above 2665 then hit targets of 2670 & minor resistance at 2677/79.
We are just breaking above 2680 to hit the next target of 2691/94.
If you have been long Gold on the way up from 2603 according to my report this week, we are hitting resistance at 2691/94 - a short is a bad idea in this bull trend but we are severely overbought in the short term so a high for the day is certainly possible here & I would at least lighten up on longs.
Considering the huge profits, it may be sensible to exit and wait, especially as it is Friday.
Why blow some profits before the weekend?
However, if we continue higher look for 2706/09 before the weekend.
Support at 2675/70 could see a low for the morning but longs need stops below 2660.

Silver

Silver break above 3090 was a buy signal for this week but we have stalled just below the next target of 3160/65.
It looks like we could reach 3190 on a break above 3170.
Silver support at 3090/3080 with a low for the day here yesterday & longs need stops below 3060 today. (We just held above here yesterday).

WTI Crude January future

Last session low & high for the December contract: 6886 - 7038. (To compare the spread with the contract that you trade).
We wrote: WTI Crude beat strong resistance at 6880/6920 & made a high for the day at the next target of 6990. If we continue higher today look for 7040/70.
We hit 7040/7070 within 2 ticks - so a high for the day exactly here.
Support at 6970/50 today & longs need stops below 6900.

Author

Jason Sen

DayTradeIdeas.co.uk

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.