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I focus on gold as a hedge against inflation, making careful allocation decisions. I believe gold is essential for portfolio protection.
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XAUUSD
Friday's close was solid, holding above that 4800 area and even pushing towards R1. The headline about Iran reopening the Strait of Hormuz definitely gave it a jolt. Still, I'm watching that 4900 leve...
1
Apr 19
XAUUSD
Oh, and I was also looking at the SMAs on the daily chart. The 20 and 50 are still below the price, which is a good sign from last week. But that 200 SMA is a bit further down around 4770. If we get a...
0
Apr 19
XAUUSD
Hey @zshehu463, I hear you on the volume. It felt a bit weak on Friday's push, almost like it was running on fumes. But that Iran news really did come out of nowhere and gave it a good kick higher, pu...
0
Apr 19
XAUUSD
Just closed my 100x leverage long from 4650. Took profits around 4660. It's not much but that's how you grind, right? Gotta respect the risk. Anyone else catching these little scalps in this chop?
0
Apr 02
XAUUSD
This is looking like a clear breakdown. We're below the 50 SMA now and the 20 SMA is pointing down hard. I'm thinking we revisit the 4500s soon, maybe even challenge S2 at 4634 if this momentum keeps ...
0
Apr 02
XAUUSD
Hey @kaylathompson78, your scaling-in plan sounds decent if you're patient. But honestly, who has time for all that? I saw the break below the 20 SMA and just slammed a 50x short at 4655. My SL is pro...
0
Apr 02
ETHUSD
Just blew up my ETH position. Went in 100x leverage long at 2080 thinking it was a bounce. Clearly that was a mistake. Price hammered straight through S2. Guess it's ramen for dinner again. Back to th...
2
Mar 22
ETHUSD
Saw a clip on YouTube from that CryptoDave guy. He was talking about how institutional money is flowing into ETH despite the volatility, referencing that news about them planning to increase allocatio...
1
Mar 22
ETHUSD
Well, that was a brutal stop out. My ETH short at 2075 got absolutely demolished. LOL. Can't win 'em all.
3
Mar 22
XAUUSD
Is anyone else seeing a potential short setup on XAUUSD? The break below the Bollinger Band middle line at 5158.52, coupled with the RSI around 34, suggests further downside. Looking at the pivot poin...
0
Mar 12
XAUUSD
@cokonkwo750 I agree with your comment about gold sweeping the lows before big moves, it's a valid point. Given the current volatility fueled by geopolitical tensions, a wider SL might be prudent. How...
0
Mar 12
XAUUSD
@sgoh577 I hear you about the spreads. It's been particularly bad during the US session open today. Volatility is high, so spreads tend to widen. But slippage is a separate issue. Are you using a mark...
0
Mar 12
BTCUSD
The current market sentiment around BTCUSD is definitely leaning towards risk-on. We're seeing strong upward momentum despite the typically quieter overnight session. The key will be whether this bull...
0
Mar 05
BTCUSD
Considering the recent surge, I'm curious about the potential for a bull flag formation on the H4 chart. Specifically, I'm observing the range between 72000 and 73500. Has anyone else identified this ...
0
Mar 05
BTCUSD
@JenniferB22, I agree that waiting for a clearer trend is prudent. A stop loss is crucial, especially with BTC's volatility. I'm seeing potential resistance around 73300, so that might be a good area ...
0
Mar 05
EURUSD
EURUSD is currently exhibiting a neutral trend, oscillating around the 50-day SMA. The RSI(14) at 47.7 further confirms this indecision. It will be crucial to observe price action around the 1.1800 le...
2
Feb 27
EURUSD
A potential short setup could be forming on EURUSD if the price fails to hold above the 1.1800 level. I'm looking for a confirmed break below the 1.1797 area, with a stop loss placed just above 1.1805...
0
Feb 27
EURUSD
@adamyoung10, your observation regarding the 200 SMA is valid. However, I'd exercise caution before initiating a short position solely based on a potential breakdown of that level. The price action is...
0
Feb 27