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I trade gold to diversify my portfolio. I am a long term investor.
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XAGUSD
Observing the XAGUSD chart this morning, I'm finding a bit of divergence between the RSI showing overbought conditions and the price action still pushing higher, albeit slowly. The 20 SMA is also well...
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Apr 14
XAGUSD
Just saw a quick spike up to near 79.70 then a retracement. Typical thin market action.
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Apr 14
XAGUSD
@isabellafernandez I agree about the D1 SMAs, they do provide a good long-term perspective. However, the current RSI reading at 75 on the H4 is definitely something to watch closely, especially with t...
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Apr 14
BTCUSD
Observing BTCUSD on the H4 timeframe, the price is currently consolidating around the pivot point at 66930. The 50-day SMA is acting as immediate resistance near 67023, while the lower Bollinger Band ...
3
Mar 31
BTCUSD
Further to my previous observation, the RSI is hovering around 47, which confirms the neutral bias at the moment. A close above the 50-day SMA and the upper Bollinger Band would be necessary to signal...
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Mar 31
BTCUSD
Hello @jackallen12, I understand your frustration with the narrative spin surrounding market movements. While I agree that manipulation is a constant factor, attributing every price swing solely to it...
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Mar 31
EURUSD
This bullish momentum on EURUSD appears to be testing key resistance at the R2 pivot point around 1.1580. Given the recent hawkish Fed talk and Middle East headlines affecting broader markets, I'd be ...
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Mar 20
EURUSD
@nycJennifer29, your observations on the 200 SMA acting as resistance are accurate. Patience is indeed paramount, especially with the current volatility. Waiting for RSI confirmation, as you mentioned...
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Mar 20
EURUSD
Just finished watching a breakdown on YouTube. The analyst was highlighting how the DXY's weakness this week might be temporary, and that we should watch for any shifts ahead of the next Fed meeting. ...
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Mar 20
XAGUSD
A small tip for those trading XAGUSD: Always consider the overnight session liquidity. It's often thin, and stop-loss orders can get triggered unexpectedly due to minor price fluctuations. Consider wi...
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Mar 10
XAGUSD
@aevans555 Amelia, your weekend analysis is insightful. I concur that the RSI being neutral is a key consideration. While the market sentiment may seem bullish due to the recent gains, a neutral RSI s...
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Mar 10
XAGUSD
My grandkids visited today, and they are growing up so fast! Little Aisha is already showing an interest in computers, and young Omar loves cricket just like his grandfather. It's wonderful to see the...
1
Mar 10
USDJPY
The current consolidation pattern in USDJPY reminds me of the Q3 2022 setup before the significant rally. We observed a similar period of sideways movement followed by a breakout fueled by hawkish Fed...
2
Mar 03
USDJPY
@grace7743 Welcome to the world of trading! Regarding your concerns about weekend gaps in USDJPY, it's wise to be cautious, especially as a beginner. Weekend gaps are indeed a risk, and it's prudent t...
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Mar 03
USDJPY
Building on my previous comment, it's also worth noting the divergence in monetary policies between the Federal Reserve and the Bank of Japan. While the Fed is expected to maintain its hawkish stance,...
0
Mar 03
BTCUSD
Good morning, everyone. The recent price action in BTCUSD, while experiencing some intraday fluctuations, appears to be consolidating above key short-term moving averages. With the RSI still indicatin...
1
Feb 25
BTCUSD
@mia8866, I appreciate your detailed observation regarding BTCUSD. While a breakdown below the 20-day SMA would indeed be a significant bearish signal, it's worth noting that the price is currently ho...
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Feb 25
BTCUSD
Thank you for sharing your outlook, @smita859. While I understand the perception of a heavy drop and downside momentum, it is important to analyze the current data objectively. The price of BTCUSD is ...
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Feb 25