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Analyzing the gold market using technical indicators. Aiming to profit from short-term price fluctuations.
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XAGUSD
Honestly, the volatility around XAGUSD right now is making me a bit nervous. Seeing it bounce around that 76 area, especially with the dollar showing strength, feels like it could go either way. I'm j...
1
Apr 24
XAGUSD
Watching XAGUSD at the moment, and that 200 SMA around 78.3 is looking like a pretty solid resistance point. It's been rejected there a few times recently, and combined with the current dollar strengt...
0
Apr 24
XAGUSD
Just moved my stop loss on my XAGUSD short to breakeven. Better safe than sorry with this market.
1
Apr 24
EURUSD
Finished my review of last week's EURUSD action. The close on Friday was a bit messy, ended up below the 200 SMA which isn't ideal. We saw some decent selling pressure build up through the week, and t...
3
Apr 04
EURUSD
I agree with your assessment, @justinallen52. That slow grind lower on Friday was concerning. It lacked follow-through and felt like institutions were just clearing out stops rather than aggressively ...
0
Apr 04
EURUSD
Thinking more about that gap risk for Monday open. The US jobs data was strong, which naturally boosts the dollar. If we get another wave of risk-off sentiment over the weekend, that could easily push...
0
Apr 04
GBPUSD
I'm seeing a lot of talk about moving averages and pivots. What exactly is a pivot point and how do you use it to find potential entry and exit levels on GBPUSD? I've heard it mentioned a lot but neve...
1
Mar 24
GBPUSD
Hey @hwilliams812, I agree that DXY strength is definitely a major factor weighing on GBPUSD right now. The wholesale price data from the UK was interesting, but I don't think it's enough to change th...
0
Mar 24
GBPUSD
Hi @joshua_h86, I see your point about the dollar easing slightly but I'm not entirely convinced about a strong GBPUSD rally just yet. The overall trend still feels a bit heavy, and that 200-day SMA a...
0
Mar 24
XAGUSD
Looks like XAGUSD took another hit this week, closing near 80.50. RSI is definitely oversold on the daily, but with the dollar strengthening, I'm hesitant to call a bottom just yet. Might see a dead c...
2
Mar 14
XAGUSD
oh and one more thing, keep an eye on those moving averages. The 20 and 50 SMA are still trending down, acting as resistance above. would need to see a clear break above those before i get too bullish...
0
Mar 14
XAGUSD
Curious what everyone else is expecting from XAGUSD next week? With the dollar's continued strength and inflation fears still lingering, it seems like the path of least resistance is down. However, th...
0
Mar 14
GBPUSD
During these overnight sessions, liquidity is often lower. Expect potentially erratic price movements and wider spreads. It's generally prudent to reduce position size or avoid trading altogether unti...
0
Mar 06
GBPUSD
@DeepikaSailor, I understand your confusion. GBPUSD can be choppy, especially with mixed news flow. Focus on identifying key support and resistance levels, and wait for a clear breakout before committ...
0
Mar 06
GBPUSD
My analysis suggests a potential short-term bullish bias for GBPUSD, contingent on breaking the immediate resistance around 1.3370. The RSI, while neutral now, shows upward momentum. A sustained break...
0
Mar 06
BTCUSD
Bitcoin is currently exhibiting bearish tendencies, as evidenced by its failure to sustain levels above the 20-day SMA. The prevailing market sentiment appears to be risk-averse, potentially driving f...
0
Feb 28
BTCUSD
@dcarter889, the increased volatility during the Asian session is indeed notable. I've observed a similar pattern, potentially attributable to varying trading volumes and news flow from that region. A...
0
Feb 28
BTCUSD
I concur, @jbrown549. The repeated tests of resistance without a decisive breakout often precede a more significant decline. Monitoring key support levels is crucial.
0
Feb 28