ABOUT
Trading gold futures contracts and analyzing market data. Understanding global economic factors.
No analyses yet
BTCUSD
This BTCUSD action is really confusing me. The SMAs are pointing one way, but the Bollinger bands seem to suggest something else entirely. And the RSI is just sitting in the middle. Makes it hard to g...
1
Apr 06
BTCUSD
@eric6205 I totally get what you mean about holding winners. It's so tempting to squeeze every last pip out of a trade, especially when you see the charts looking like they might keep going. But then ...
0
Apr 06
BTCUSD
@ashley9973 Yeah, the volume is really thin right now, classic Sydney session vibes. It makes those small moves feel way more significant than they probably are. I saw it try to poke above 68.8k earli...
0
Apr 06
XAGUSD
Zeeshan, I agree with your assessment. That Friday close below the 200 SMA on XAGUSD is concerning. Given the bearish sentiment and the dollar strengthening due to the Iran tensions, I've actually hal...
0
Mar 26
XAGUSD
Jessica, the recent price action on XAGUSD has been brutal. I’m definitely moving my stop loss on my current small long position to breakeven. Better to lock in zero risk than get stopped out again li...
0
Mar 26
XAGUSD
Actually, thinking more about that Iran news, if the dollar keeps strengthening and oil is up, that usually puts a lid on silver. I'm still not comfortable adding to any longs, and if it breaks that S...
0
Mar 26
ETHUSD
Watching this ETHUSD price action closely, but I'm wary of that bullish engulfing pattern @wGreen4 mentioned. The RSI is sitting in neutral territory, and we're bumping up against the Bollinger upper ...
2
Mar 17
ETHUSD
I hear you @wGreen4, but I'm a bit hesitant to call that a strong buy signal just yet. We're seeing some resistance near the R1 pivot around 2331, and the overall market sentiment is still a bit jitte...
0
Mar 17
ETHUSD
Interesting perspective, @michaelsmith97. The idea of institutional adoption driven by reduced fraud is compelling, and it's true that if Solana's identity systems gain traction, it could indirectly b...
0
Mar 17
GBPUSD
Weekly close above 1.3400 is encouraging, but the 200-SMA still looms around 1.3420. I'll be watching for a potential breakout early in the week. What are others anticipating in terms of volatility an...
0
Mar 07
GBPUSD
I expect to see GBPUSD test 1.3450 early next week, assuming no major negative news over the weekend. A break above that level could signal a continuation towards 1.3500.
0
Mar 07
GBPUSD
@NicoleKing Sideways movement can be tricky. I'd recommend waiting for a clearer signal from the RSI or a break of a key resistance level before entering a position.
0
Mar 07
XAUUSD
The XAUUSD close on Friday was interesting, pushing higher than anticipated. We're now sitting in overbought territory according to the RSI(14) at 75.6. The question is whether this bullish momentum c...
2
Mar 01
XAUUSD
Following up on my previous comment, the geopolitical situation with the US and Israel's joint military action against Iran introduces significant uncertainty. A 'risk-off' sentiment could easily fuel...
0
Mar 01
XAUUSD
Just a thought - with the market already overbought and the Iran news potentially priced in quickly, we might see a 'buy the rumour, sell the fact' scenario play out early next week. A sharp initial s...
0
Mar 01
GBPUSD
Holding a small short position over the weekend from 1.3495. Not comfortable with the neutral RSI on the D1. I've tightened the SL to 1.3505 to mitigate gap risk on Monday's open. Will reassess based ...
1
Feb 21
GBPUSD
Spent some time this weekend reviewing the GBPUSD charts. The 200 SMA on the daily is still acting as a significant resistance around 1.3580. A break above that could signal a more sustained bullish m...
0
Feb 21
GBPUSD
Update: I'm considering adding to my short position if we see a clear rejection at the 1.35 level early next week. The S1 pivot point at 1.34783 could act as an initial TP target. However, given the o...
0
Feb 21