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SPOT GOLD DAILY OUTLOOK - +$ 3300.00+ |
Update Time:08 May 2025 17:15GMT Gold's intra-day selloff fm 3414.70 to as low as 3289.10 in NY on risk-on trading due to easing tariffs tension suggests decline fm 3434.90 (Tue) remains in progress n weakness to 3270/3272, then 3245/3250 would be seen but break is needed to yield re-test of last Thur's trough at 3202.10.
In view of abv analysis, trade fm short side for 3300.00 handle first as only a daily close abv 3330/3335 prolongs choppy swings, risks 3365/3370.
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STRATEGY | : | +Target met+ |
POSITION | : | +Short at 3360.00+ |
OBJECTIVE | : | 3300.00 |
STOP-LOSS | : | |
RESISTANCE | : | 3320.30/3330.50/3369.50 |
SUPPORT | : | 3285.30/3272.50/3253.20 |
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DAILY GBP/JPY OUTLOOK - +192.85+ |
Update Time:09 May 2025 01:39GMT Y'day's rally fm 191.00 to as high as 193.49 in NY signals re-test of May's 4-wk 193.74 top is seen , abv need to extend rise fm 184.42 (Apr) to 194.00
Trade fm long side for 193.63 next as only below 194.00 next n only below 192.30/40 risks 191.70/80.
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STRATEGY | : | +Stop profit+ |
POSITION | : | +Long at 191.63+ |
OBJECTIVE | : | +Long at 191.63+ |
STOP-LOSS | : | +192.85+ |
RESISTANCE | : | 193.52/193.74/194.00 |
SUPPORT | : | 192.63/192.40/191.73 |
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DAILY EUR/JPY CROSS OUTLOOK - +163.95+ |
Update Time:02 May 2025 11:37GMT Despite euro's fall fm last Fri's 163.75 high to 161.71 Wed, y'day's rally in post-BOJ n then break of 144.18 res suggests upmove fm Feb's 154.80 bot- tom wud head to 164.90/00 after consolidation, break extends to 165.40/50 b4 correction occurs.
Trade fm long side for 165.00 n only below 163. 85/90 prolongs choppy swings, 163.40/45 later.
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STRATEGY | : | +Stop profit+ |
POSITION | : | Long at 162.24 |
OBJECTIVE | : | |
STOP-LOSS | : | 163.95 |
RESISTANCE | : | 164.63/164.90/165.03 |
SUPPORT | : | 163.40/163.13/162.70 |
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DAILY USD/JPY OUTLOOK - +144.90+ |
Update Time:02 May 2025 08:51GMT Despite dlr's fall fm last Fri's 144.03 high to 141.98 Tue, y'day's rally abv said res in post-BOJ to 145.92 today suggests corrective upmove fm Apr's 7-month 139.89 bottom wud heads to 146.50/60 after consolidation but 147.00/10 may cap upside today.
Trade fm long side for 146.50 n only below 144. 55/60 risks weakness to 144.15/25 b4 rebound occurs
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STRATEGY | : | +Stop profit+ |
POSITION | : | Long at 142.55 |
OBJECTIVE | : | |
STOP-LOSS | : | 144.90 |
RESISTANCE | : | 145.28/145.50/145.71 |
SUPPORT | : | 144.79/144.42/144.16 |
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SPOT GOLD DAILY OUTLOOK - +$ 3274.00+ |
Update Time:01 May 2025 02:39GMT Despite gold's intra-day rally fm 3267.80 at NY open to as high as 3319.80, subsequent retreat sig- nals price would continue to gyrate inside 3260.40- 3370.70 broad range with downside bias n re-test of said sup would be forthcoming, break extends fall fm 3500.10 (Apr) to 3245/3250 but 3230.00 may hold.
In view of abv analysis, trade fm short side for 3274.00 next as only a daily close abv 3295/3300 risks gain back to 3314/3315, abv, 3330.00.
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STRATEGY | : | +Target met+ |
POSITION | : | +Short at 3304.10+ |
OBJECTIVE | : | 3274.00 |
STOP-LOSS | : | |
RESISTANCE | : | 3299.80/3314.70/3330.00 |
SUPPORT | : | 3260.40/3245.80/3232.80 |
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DAILY GBP/JPY OUTLOOK - +193.20+ |
Update Time:01 May 2025 15:21GMT Intra-day break of last Fri's 191.72 high con- firms upmove fm Apr's near 7-mth 184.40 trough has resumed n wud head to 193.00/10, abv, 193.60/66.
Trade fm long side for +193.20+ n only below 192.20/30 risks weakness to 191.80/90 b4 rebound.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 190.94 |
OBJECTIVE | : | +193.20+ |
STOP-LOSS | : | Long at 190.94 |
RESISTANCE | : | 193.66/193.99/194.57 |
SUPPORT | : | 192.57/192.27/191.89 |
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INTRA-DAY USD/JPY OUTOOK - +144.85+ |
Update Time:01 May 2025 14:02GMT Intra-day rise abv y'day's 143.19 high in post- BoJ suggests pullback fm last Fri's 144.03 high has ended at 141.98 Tue n near term upmove fm Apr's 7- month 139.89 trough wud head to 144.20/30, then 144.55/65 but 145.10/20 is likely to hold initially
Trade fm long side for +144.85+ n below 143.30/ 40 prolongs choppy swings, risks 142.89 (Asia).
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 142.55 |
OBJECTIVE | : | +144.85+ |
STOP-LOSS | : | |
RESISTANCE | : | 145.12/145.33/145.77 |
SUPPORT | : | 144.42/144.14/143.98 |
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INTRA-DAY EUR/JPY OUTLOOK - +163.74+ |
Update Time:01 May 2025 12:54GMT Intra-day rally abv y'day's 142.70 high in post- BoJ suggests correction fm last Fri's 163.75 top has ended at 161.71 y'day n re-test of said res wud be seen after consolidation, break extends to 164. 18 (Mar n Apr's peak), abv, 164.50/54 b4 retreat.
Trade fm long side for +163.74+ n below 163.08/ 13 risks weakness to 162.60/70, which shud hold.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 162.24 |
OBJECTIVE | : | +163.74+ |
STOP-LOSS | : | |
RESISTANCE | : | 164.18/164.54/164.90 |
SUPPORT | : | 163.40/163.13/162.62 |
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WEEKLY USD/CHF OUTLOOK - +0.8200+ |
Update Time:28 Apr 2025 13:58GMT Despite Wed's rally fm a 15-month trough of 0.83 60 to 0.8583, y'day's selloff below said sup, then break of 0.8333 (Dec 2023 near 9-year trough) con- firms LT decline has resumed n weakness to 0.8200 target would be seen after consolidation, however, 0.8100 handle may hold due to oversold condition.
Trade fm short side for this move n only a daily close abv 0.8350/60 indicates temporary bottom is in place, risks retracement to 0.8455/65 later.
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STRATEGY | : | +Target met+ |
POSITION | : | +Short at 0.8560+ |
OBJECTIVE | : | 0.8200 |
STOP-LOSS | : | |
RESISTANCE | : | 0.8360/0.8466/0.8516 |
SUPPORT | : | 0.8142/0.8100/0.8077 |
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SPOT GOLD DAILY OUTLOOK - +$ 3270.00+ |
Update Time:25 Apr 2025 15:28GMT Despite gold's intra-day marginal break of 3367. 80 (Thur) in Asia, subsequent sharp selloff on risk -on trading due to de-escalating tariffs tension signals correction fm 3260.40 (Wed) has ended n downside bias remains, below said sup would extend decline fm record high at 3500.10 to 3240/3245.
In view of abv analysis, trade fm short side for +3270.00+ next as only a daily close abv 3325/3330 prolongs choppy swings, risks gain to 3340/3345.
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STRATEGY | : | +Target met+ |
POSITION | : | +Short at 3312.10+ |
OBJECTIVE | : | +3270.00+ |
STOP-LOSS | : | |
RESISTANCE | : | 3316.40/3327.80/3343.20 |
SUPPORT | : | 3290.80/3284.00/3260.40 |
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SPOT GOLD DAILY OUTLOOK - +$ 3302.50+ |
Update Time:25 Apr 2025 06:37GMT Despite gold's intra-day marginal break of 3367. 80 (Thur) in Asia, subsequent sharp selloff on risk -on trading due to de-escalating tariffs tension signals correction fm 3260.40 (Wed) has ended n downside bias remains, below said sup would extend decline fm record high at 3500.10 to 3240/3245.
In view of abv analysis, trade fm short side for 3285.00 next as only a daily close abv 3325/3330 prolongs choppy swings, risks gain to 3340/3345.
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STRATEGY | : | +Stop profit+ |
POSITION | : | +Short at 3341.80+ |
OBJECTIVE | : | |
STOP-LOSS | : | +3302.50+ |
RESISTANCE | : | 3316.40/3327.80/3343.20 |
SUPPORT | : | 3290.80/3284.00/3260.40 |
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SPOT GOLD DAILY OUTLOOK - +$ 3330.00+ |
Update Time:24 Apr 2025 07:03GMT Despite gold's rally fm Wed's 3260.40 low to as high as 3367.60 in Asia today, subsequent sharp retreat signals said correction has possibly made a temporary top n consolidation with downside bias remains for weakness to 3290/3295, then re-test of said sup, break extends fall fm 3500.10 to 3240/45.
In view of abv analysis, trade fm short side for +3275.00+ next as only a daily close abv 3335/3336 would prolong choppy swings n risks gain to 3345/50
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STRATEGY | : | +Stop profit+ |
POSITION | : | Short at 3360.00 |
OBJECTIVE | : | |
STOP-LOSS | : | +3330.00+ |
RESISTANCE | : | 3335.60/3349.50/3355.80 |
SUPPORT | : | 3290.80/3284.00/3260.40 |
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INTRA-DAY EUR/CHF OUTLOOK - +0.9395+ |
Update Time:23 Apr 2025 11:35GMT Euro's rally fm 0.9276 (Mon) n break of 0.9354 res to 0.9362 in NY Tue signals near term rise fm Apr's 4-1/2 month bottom at 0.9224 remains in force n further gain to 0.9400/10 wud be seen, break ex- tends to 0.9440/45 b4 prospect of correction later.
Trade fm long side for 0.9395 next as only below 0.9330/36 indicates temp. top made, risks 0.9297/01
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 0.9290 |
OBJECTIVE | : | +0.9395+ |
STOP-LOSS | : | |
RESISTANCE | : | 0.9409/0.9444/0.9476 |
SUPPORT | : | 0.9336/0.9301/0.9277 |
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INTRA-DAY AUD/USD OUTLOOK - +0.6335+ |
Update Time:17 Apr 2025 06:24GMT Y'day's re-test of 0.6391 res suggests gain twds this year's 0.6408 (Feb) top wud be seen after consolidation, where break extends upmove to 0.6425 /29, then 0.6445/55, however, 0.6470/80 res area is likely to hold on 1st testing, yield correction.
Trade fm long side for 0.6405 n only below 0.63 40/42 risks 0.6323 (Wed), below, 0.6300/05 later.
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STRATEGY | : | +Stop profit+ |
POSITION | : | Long at 0.6185 |
OBJECTIVE | : | |
STOP-LOSS | : | 0.6335 |
RESISTANCE | : | 0.6391/0.6408/0.6429 |
SUPPORT | : | 0.6342/0.6323/0.6301 |
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DAILY AUD/USD OUTLOOK - +0.6335+ |
Update Time:17 Apr 2025 06:23GMT Although aud has retreated after y'day's re-test of 0.6391 res n choppy sideways swings is in store b4 gain twds 0.6408 (Feb's peak), where break wud head twds 0.6425/29, however, loss of momentum shud prevent strong rise abv n 0.6470/80 shud cap upside
Trade fm long side for 0.6425 n only below 0.63 23 (Wed) indicates top made, risks 0.6276/80 later.
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STRATEGY | : | +Stop profit+ |
POSITION | : | Long at 0.6185 |
OBJECTIVE | : | |
STOP-LOSS | : | 0.6335 |
RESISTANCE | : | 0.6391/0.6408/0.6429 |
SUPPORT | : | 0.6323/0.6301/0.6276 |
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SPOT SILVER DAILY OUTLOOK - +$ 33.00+ |
Update Time:16 Apr 2025 08:42GMT Intra-day rally abv 32.41 (Tue) signals upmove fm Mon's near 7-mth 28.34 low wud head to 33.00 handle but abv needed to extend to 33.45/50.
Trade fm long side for 33.00 next as only below 32.60/65 indicates temp. top made, risks 32.30.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 30.10 |
OBJECTIVE | : | 33.00 |
STOP-LOSS | : | Long at 30.10 |
RESISTANCE | : | 33.21/33.48/33.95 |
SUPPORT | : | 32.62/32.30/32.10 |
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INTRA-DAY EUR/JPY OUTLOOK - +162.90+ |
Update Time:14 Apr 2025 13:01GMT Although euro's stong bounce fm 162.11 (Asia) signals correction fm Mon's fresh 1-week 163.28 peak (NZ) has possibly over, subsequent retreat fm 163.17 (Europe) wud yield further range trading b4 prospect of another rise to 163.60/65, 163.88.
Trade fm long side for 163.60 next as only below 162.05/10 risks retracement back to 161.80/90.
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STRATEGY | : | +Exit long+ |
POSITION | : | Long at 161.70 |
OBJECTIVE | : | |
STOP-LOSS | : | |
RESISTANCE | : | 163.14/163.36/163.88 |
SUPPORT | : | 162.41/162.11/161.85 |
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SPOT GOLD DAILY OUTLOOK - +$ 3120.00+ |
Update Time:10 Apr 2025 13:35GMT Gold's intra-day rally fm 3071.70 n break of Wed's high at 3099.40 signals recent erratic upmove fm Apr's 3-week 2956.60 bottom remains in force n gain to 3136.70 res would be forthcoming but firm break there is needed to yield re-test of Apr's record high at 3167.70 b4 prospect of correction.
In view of abv analysis, trade fm long side for 3165.00 next as only a daily close below 3110/3115 would risk stronger retracement to 3100/3105.
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STRATEGY | : | +Stop profit+ |
POSITION | : | +Long at 3105.00+ |
OBJECTIVE | : | |
STOP-LOSS | : | +3120.00+ |
RESISTANCE | : | 3136.70/3149.00/3167.90 |
SUPPORT | : | 3113.30/3101.40/3090.00 |
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Published by Trendsetter Financial Markets Limited. All rights reserved. |
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