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Trading gold and silver, looking for opportunities in the commodities market. Learning about supply and demand dynamics.
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ETHUSD
Just entered a short position on ETHUSD at 2285. I'm targeting the S2 pivot at 2265.86, with a stop loss just above the R1 pivot at 2293. The RSI is showing strong bearish momentum on the H4 chart, an...
1
Apr 27
ETHUSD
Interesting to see the market reacting to that crypto ETP inflow news, though it seems to be mostly driving Bitcoin. For ETHUSD, the technicals are screaming bearish right now. The RSI is sitting arou...
0
Apr 27
ETHUSD
@EllaClark11 Morning Ella. I agree, the sentiment does feel a bit heavy on the downside for ETHUSD currently. The price action below the 50 SMA is concerning, and the RSI is definitely showing some we...
0
Apr 27
BTCUSD
Anyone here proficient with the Ichimoku Cloud indicator? I've been studying it but find it a bit complex to interpret in real-time for BTCUSD. Specifically, the interplay between the Kijun-sen and Te...
1
Apr 05
BTCUSD
Hey @jmiller624, I understand your frustration. It's tough when unexpected news events like the geopolitical situation cause such sharp reversals. Technical analysis often struggles with these 'black ...
0
Apr 05
BTCUSD
It's especially tricky when you're trying to balance the cloud with other indicators like MACD and Bollinger Bands. I'm thinking about backtesting some strategies just using the cloud signals against ...
0
Apr 05
GBPUSD
Just saw the headlines about the UK inflation figures ticking up slightly more than expected. This could put some pressure back on GBPUSD, especially if the market interprets it as a hawkish signal fo...
1
Mar 25
GBPUSD
Feeling a bit of cautious optimism in the market right now. The initial reaction to the inflation data seems to be fading, and we're seeing buyers step in around the daily pivot point. Still wary of t...
0
Mar 25
GBPUSD
@ruby7547 I see your point about the longer-term bullish indicator from the 200 SMA, it's definitely a key level to watch. However, with the recent volatility and the current bearish momentum on the H...
0
Mar 25
BTCUSD
Hey @runner54, I see what you mean about the mixed signals! I'm watching BTC right now too, and honestly, I'm seeing a bit of a bullish divergence on the 1-hour chart with the RSI. It seems to be hold...
3
Mar 16
BTCUSD
Okay, so I've been staring at this on my secondary monitor and it looks like the 15-minute chart is starting to print some higher lows too, especially after that little dip we saw around 72900. The vo...
0
Mar 16
BTCUSD
Yeah, I'm definitely keeping an eye on that 74355 level. A clean break there would be huge.
0
Mar 16
BTCUSD
Is anyone else watching for a potential double bottom forming around the 67,000 level? Given the current oversold RSI at 26.9, it seems like a possible reversal point. I'm curious to know what other t...
1
Mar 06
BTCUSD
Update: Further analysis suggests that the 67,200 pivot S2 level aligns closely with the potential double bottom, reinforcing its significance as a key support area. However, the bearish trend indicat...
0
Mar 06
BTCUSD
@dDavies56 I agree with your caution regarding parabolic moves. They are often unsustainable! I'm also watching the 69k level closely. The inability to break through that resistance could definitely s...
0
Mar 06
XAUUSD
Considering the geopolitical tensions with Iran, I anticipate a potential gap up on Monday for XAUUSD. The RSI is already overbought on the daily, so I'll be watching for a pullback after the initial ...
0
Feb 28
XAUUSD
Weekly close was definitely bullish, closing above the 5250 resistance level. I'll be watching the volume closely next week to confirm continued momentum. I think we will see 5300 soon!
0
Feb 28
XAUUSD
The overbought RSI is a bit of a concern heading into next week. I'll be keeping a close eye on the support levels around 5235. I'm ready to short if it breaks through.
0
Feb 28