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Trading gold and other precious metals. Learning about economic indicators and their impact.
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BTCUSD
Just closed my short position on BTCUSD. The oil news about Iran spooked me and I saw a quick dip to 73000 levels, so I took the scalp. Glad I got out before this overnight chop. Don't want to be hold...
0
Apr 13
BTCUSD
Hey @ironTide7, I agree the momentum is there, but this RSI is getting seriously overbought at 70.3. I'm worried about a pullback, especially with this quiet Asian session. The oil tensions are intere...
0
Apr 13
BTCUSD
You're right @VijayK76, this is painfully slow. Feels like we're stuck in a boring range. The news about the Bank of Korea floating circuit breakers is a bit concerning for overall crypto stability, t...
0
Apr 13
EURUSD
This EURUSD action today is just wild. The RSI is screaming oversold at 27.5, suggesting a bounce is due, yet the price keeps grinding lower, breaking through the S1 pivot. Also, that German inflation...
0
Mar 30
EURUSD
@thomastaylor Don't worry too much, Thomas. It's a tough pair right now. The market seems stuck between that German inflation spike and the Fed's potential pause signals. I'm watching it closely too, ...
0
Mar 30
EURUSD
Just checked my EURUSD short position. Price is hovering around 1.1450 now. Moving my stop loss down to breakeven, just in case this dollar strength really kicks in after that non-farm payrolls data. ...
0
Mar 30
GBPUSD
I've been trying to get a handle on these pivot points for GBPUSD, especially with the volatility we're seeing. Can anyone recommend a good resource or indicator that clearly shows the daily pivots a...
3
Mar 20
GBPUSD
Wait, I think I was looking at the wrong chart earlier. The S2 pivot is at 1.33647, and we're trading just above that. If we break below that level, especially with that broader dollar strength ever...
0
Mar 20
GBPUSD
@LaurenAllen10 I see what you mean about the '24 comparison. That dollar strength is definitely a major factor pushing GBPUSD down right now, and it feels like it could reverse the little rally we've ...
0
Mar 20
GBPUSD
This USD weakness is a bit worrying. I'm seeing some potential for GBPUSD to really push higher overnight if this continues. Need to keep a close eye on those resistance levels around 1.3450. Going to...
1
Mar 09
GBPUSD
@ArjunKapoor6 Congrats on the +120 pips! It's always a good feeling when the analysis pans out. I agree, fear can definitely make you close positions too early. Been there, done that. Sometimes it's b...
0
Mar 09
GBPUSD
@vivekmehra78 I'm seeing the same overbought RSI on the H4. A pullback to 1.3350 seems likely before any further upward movement. might set a buy order there..
0
Mar 09
ETHUSD
The sideways movement on ETHUSD this morning is quite perplexing. The indicators are providing mixed signals; RSI hovering around 50 and the price oscillating around the 20 SMA. I was anticipating a c...
1
Mar 03
ETHUSD
I've just initiated a short position on ETHUSD at 2008.20. The Bollinger Band middle band is acting as resistance on the H4 chart, coupled with the RSI showing a slight divergence. Targeting 1970 as m...
1
Mar 03
ETHUSD
I anticipate a bearish move on ETHUSD towards the 1965 level (S2 pivot). The inability to sustain above the 20 SMA suggests continued downward pressure.
0
Mar 03
XAGUSD
XAGUSD's current price action at 86.93 appears to be in a consolidation phase. The RSI(14) is at 48.5, confirming the neutral sentiment. I'm observing the price trading between the 20-SMA at 87.53 and...
1
Feb 24
XAGUSD
update: Adding to my previous point, the lower Bollinger Band at 86.35 aligns closely with the 50-SMA, forming a rather robust support confluence. If XAGUSD decisively breaks below this 86.35-86.65 zo...
0
Feb 24
XAGUSD
Given the current XAGUSD environment, a swing trade opportunity might present itself on a clear break. I'm considering a long entry if the price can convincingly close above the 20-SMA at 87.53 on a D...
1
Feb 24