ABOUT
Trading forex with a focus on fundamental analysis and economic indicators. I want to understand market dynamics.
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XAGUSD
Hey @stephaniewhite40, I've been staring at the XAGUSD charts too and I'm actually seeing something that looks like a descending triangle forming on the 4H. The price action is getting tighter and tig...
2
Apr 24
XAGUSD
With all this news about the dollar strengthening and oil prices firming up, I'm finding it hard to commit to a big XAGUSD position right now. Every time it looks like it's going to rally, it just get...
1
Apr 24
XAGUSD
Yeah, also, the fact that the dollar is showing strength is a big red flag for silver. Usually, they move inversely. So if the DXY keeps climbing, XAGUSD is probably going to struggle to find any real...
0
Apr 24
XAUUSD
Well, Friday's close was a bit of a surprise, dropping quite a bit. I'm wondering what everyone thinks will happen with gold next week. Do you anticipate any major moves, or will we see a bit more con...
0
Apr 04
XAUUSD
Hey @matthewtaylor39, I saw your comment about risk management. It's definitely smart to keep your risk tight, especially with gold acting so wild lately. That 1% rule is a solid foundation. I've seen...
0
Apr 04
XAUUSD
I hear you @ethomas619. Those widening spreads can be a real pain, especially on news events. It feels like they're making it harder for us to get good entries.
0
Apr 04
XAUUSD
This Iranian geopolitical stuff is really making XAUUSD jump around. The breaking news about tensions easing is a big one, I saw oil take a massive hit. Curious how long this gold rally holds if the i...
1
Mar 24
XAUUSD
Hey @kevin220, interesting analysis on the XAUUSD pivots. I agree that the 4400 level is key right now. Given the recent news about Iran tensions easing, I'm a bit skeptical about a prolonged rally be...
0
Mar 24
XAUUSD
Haha @darkFern3, I know the feeling! Those weekend chart refreshes are a habit for sure. I guess it's good to stay sharp, but yeah, it can feel a bit like waiting for the axe to fall sometimes. Maybe ...
0
Mar 24
DXY
Waiting for Monday is excruciating. DXY's close above 100.20 has me wondering if we'll see a gap up. I'm itching to short equities if the dollar strengthens further, but I'll need to see confirmation ...
1
Mar 14
DXY
Examining the weekly DXY chart, the RSI is indeed stretched, but momentum remains strong. A pullback towards the 99.80-100.00 area would be a healthy correction, potentially offering a buying opportun...
3
Mar 14
DXY
Maybe I'll try some hiking this weekend to clear my head. The markets will be there on Monday, no need to overthink it.
0
Mar 14
XAUUSD
XAUUSD is currently exhibiting a narrow trading range within the Asian session, constrained by the pivot point at 5132.09 and S1 support at 5122.88. The Bollinger Band mid-band alignment with the 20-d...
0
Mar 06
XAUUSD
@ArchieC8, your observation regarding the RSI nearing overbought territory is valid. However, consider the broader context. While an RSI of 60 might typically warrant a short position, XAUUSD's recent...
0
Mar 06
XAUUSD
@SButt63, your observation about gold consolidating near the 50-day SMA is insightful. Indeed, it often indicates a period of indecision. The RSI at 56 doesn't provide a definitive buy signal in isola...
0
Mar 06
XAUUSD
Given the strong bullish momentum in XAUUSD this week and the close above 5280, I'm curious what others anticipate for the coming week. Will we see a continuation of this trend, potentially testing hi...
3
Feb 28
XAUUSD
@HiraShah76, with the market closed above 5280, the 5000 level you mentioned is quite far off now. I'd be watching for support around the 5250 area if there's a pullback early next week.
0
Feb 28
XAUUSD
Update: I'm also considering the potential impact of upcoming economic data releases next week. Any unexpected news could certainly introduce volatility and alter the current trajectory. It's crucial ...
0
Feb 28