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My main focus is on gold futures trading and hedging.
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EURUSD
I'm seeing something that looks like a descending triangle forming on the EURUSD chart. The price keeps hitting that lower support around 1.1720, but the highs seem to be getting lower. This usually m...
EURUSD
Man, the spreads on EURUSD right now are just awful. I tried to get in a small long position earlier and got so much slippage, it's like they're trying to take my money before I even trade.
EURUSD
@angelajones64, I saw your comment about that YouTube video and it got me thinking. I'm also a bit worried about this EURUSD range. The chart is showing a descending triangle, which usually breaks to ...
XAGUSD
I'm also watching XAGUSD closely. With the dollar strengthening recently, I'm hesitant to go long right now. I'm thinking of maybe scaling into a short position if it breaks below that 72.34 pivot poi...
XAGUSD
Hey @isabellafernandez65, you mentioned gold stocks getting hammered. I'm seeing a similar thing with silver right now. It's hovering around $73, but it feels weak. The 200 SMA is still above it at 71...
XAGUSD
This whole situation with Iran is making me nervous. Every time I see a headline about it, I think it's going to push silver up, but then the dollar gets strong and pulls it back down. It's like a tug...
GBPUSD
This GBPUSD move on Friday was pretty wild. I'm seeing the price is back up near 1.3438 now. Does anyone else feel like this is just a temporary bounce, or are we looking at a real trend reversal here...
GBPUSD
Hey @danieldavies29, congrats on closing that trade! I was watching too, but I hesitated to go long. Glad to hear you got out with a profit. I'm still a bit nervous about jumping back in with how vola...
GBPUSD
I think it's crucial to always have a stop loss set. For me, if I can't define my exit point before I enter, I don't enter at all. Risk management is the only thing that keeps me sleeping at night wit...
EURUSD
With the Bank of England holding steady, I wonder if EURUSD will see any upward momentum. The pair is oversold according to the RSI, but the overall trend is still down. Cautiously watching for a pote...
EURUSD
@tidepool938 I agree, the spreads have been wider than usual lately. I've noticed increased slippage as well, especially during peak hours. Have you tried contacting your broker to inquire about it? I...
EURUSD
@novapoint676 Good job on securing a profit! Small wins add up over time. I'm still observing the EURUSD pair. I'm waiting for a clearer signal before entering a position.
BTCUSD
Closed my previous long position near 71500 earlier today. Managed to secure a small profit, around 0.5%. I'm still observing the market closely. Given the current volatility and the recent pullback, ...
BTCUSD
@tThompson16, I agree that the head and shoulders pattern you mentioned is worth noting on the daily chart. However, I would exercise caution before assuming a significant move down. The 50 SMA is cur...
BTCUSD
Interesting observation about the potential double top around 68500, @WildFox41. I'm also a little concerned about the lower volume we're seeing at these levels. It does suggest a lack of strong convi...
EURUSD
I'm a bit hesitant about EURUSD at these levels. The RSI is hovering around 57, which is neutral, but the price action seems indecisive. I'm observing the 200-day SMA at 1.17971 as a critical support ...
EURUSD
To add to my previous comment, the Bollinger Bands are showing a relatively tight range, suggesting volatility is low. This could mean a potential breakout is coming, but the direction is unclear. I'm...
EURUSD
Update: Still observing. No clear signal yet. I might wait until Monday's open to see if there's any significant gap movement before making a decision.
DXY
The DXY seems to be consolidating around the 97.45 level. I'm a bit cautious about interpreting the RSI right now, as it's hovering near the neutral zone. I'll be watching how it interacts with the 50...
DXY
I'm trying to understand the longer-term implications of these movements in the DXY. Given the current economic climate, with inflation concerns and potential interest rate hikes, I am curious how the...

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