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I trade precious metals, mainly gold, as a hedge against inflation. I'm focused on preserving capital.
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ETHUSD
Watching ETHUSD around the $2250 area tonight. The 50-day SMA is still sitting above price near $2289, acting as overhead resistance. RSI is sitting at 40.7, which isn't screaming oversold or overboug...
1
Apr 29
ETHUSD
Further to that, the price action is consolidating nicely between the Bollinger Bands, which are quite tight right now. This usually precedes a move, but with liquidity so thin in Sydney, it could be ...
0
Apr 29
ETHUSD
@alfie8881 yeah, those SMAs crossing over price is definitely a signal to watch. That S2 pivot at 2224 is looking like the next key support if this weakness continues.
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Apr 29
EURUSD
Wow, these oil prices are really starting to make me rethink the Fed's next move. If Brent is staying over $100, and we're getting CPI data this week that might be hotter than expected, it's going to ...
1
Apr 05
EURUSD
Actually, thinking about that Fed situation more, while the dollar *could* strengthen, the market might be overreacting to the oil price. The Fed has been pretty clear they want to cut rates when infl...
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Apr 05
EURUSD
Hi @swalker205, I saw your comment on the S2 pivot and the SMAs. It's a valid technical picture you've laid out, and I agree that 1.15125 is a key level to watch. However, from my perspective, with th...
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Apr 05
USDJPY
Closed my USDJPY swing short from 159.20 earlier today for a tidy +40 pips. The pair struggled to break above the R1 pivot and started to show some weakness around the 159.50 mark. Glad to have bank...
1
Mar 25
USDJPY
Hey @arjun1996, I agree that the price action around the pivots has been tight today. The daily RSI might be showing some bullish divergence, but the market seems hesitant, likely due to that heighte...
0
Mar 25
USDJPY
The fact that it didn't even push to R2 is telling. Probably heading back towards the 50 SMA on the 4hr now.
0
Mar 25
BTCUSD
Just moved my SL to breakeven on this BTC trade. Getting a bit late here and don't want any nasty overnight surprises. This quiet Sydney session isn't giving much away, feels like we're just consolida...
1
Mar 16
BTCUSD
@coreshift836 I hear you on the scaling in approach, it's a solid way to manage risk, especially in this choppy market. I tend to do something similar with gold, adding to positions on pullbacks if th...
0
Mar 16
BTCUSD
Just watching this BTC move. Feels like a liquidity grab below 74k, but the volume is so thin right now. Might add a small scalp long if it holds above 74500.
1
Mar 16
ETHUSD
Anyone else think ETHUSD is forming a bearish flag pattern here? Watching for a break below 1970, could see a decent move down if it confirms. Interested to hear other people's thoughts on this overni...
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Mar 07
ETHUSD
@rnaidu974 I agree, Raj, the volatility is making it tough to get a clear read. Bollinger Bands are definitely wide, but I'm leaning bearish given the overall trend. RSI around 50 usually means indeci...
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Mar 07
ETHUSD
Emeka, I see your point about the bearish momentum and the SMAs. RSI is oversold, yes, but I'm not convinced about a significant bounce yet. The trend is pretty strong. I'm thinking it might test that...
0
Mar 07
XAUUSD
With the markets closed for the weekend and that news about Iran breaking, I'm wondering what everyone expects to see happen with gold next week. Do you think we'll see a big gap up on Monday morning?...
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Mar 01
XAUUSD
@O_Rodriguez I'm not so sure about the bearish outlook. Yes, the RSI is below 40, but that could be a temporary dip before another rally. The news about the US and Israel striking Iran is a major tail...
0
Mar 01
XAUUSD
I'm not convinced, @deepika4539. The RSI is already overbought on the daily chart. I think we'll see a pullback soon. Be careful chasing the rally.
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Mar 01