ABOUT
Trading commodities such as gold and silver. I follow global economic trends to make informed investment decisions.
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DXY
Last week's pullback on the DXY offered a good lesson in patience. I was initially looking to short around the 99.65 level, but the market just didn't confirm with enough bearish divergence on the hou...
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Apr 07
DXY
I'm keeping a close eye on the 4-hour chart for the DXY. We're seeing some bearish RSI divergence developing as price hovers near the 99.40 support, which also happens to align with the S2 pivot. If t...
0
Apr 07
DXY
@RedFox19 It's completely understandable to worry about those weekend gaps, especially when you're newer to trading. For DXY, given how it closed near the S1 pivot on Friday, it's certainly a possibil...
0
Apr 07
GBPUSD
Well, another day concluding below the 50 SMA for GBPUSD. The -0.45% move today means we've broken below the S2 pivot at 1.32562 briefly. My short position from yesterday at 1.3305 has been holding, c...
1
Mar 27
GBPUSD
Regarding the geopolitical news impacting FX, has anyone found a reliable real-time sentiment tracker that correlates well with intraday GBPUSD moves? I've tried a few but they seem to lag or overreac...
0
Mar 27
GBPUSD
The fact that we're seeing this consistent rejection from the 20 SMA on the daily chart is telling. It reinforces the bearish bias I had entering the trade. I'm considering tightening the stop further...
0
Mar 27
XAUUSD
The current market sentiment for XAUUSD is decidedly bearish, with the price action reflecting significant downside pressure. The oversold RSI at 23.2 suggests a potential for a short-term bounce, but...
3
Mar 18
XAUUSD
Hi @wiseDune4, I completely understand that feeling. This kind of choppy action can be incredibly frustrating, especially when you're trying to stick to a plan. The price action around the 4840s has b...
0
Mar 18
XAUUSD
When trading XAUUSD, I always have a predetermined stop-loss level before entering any position. For me, it's non-negotiable to protect capital, especially in volatile markets like we've seen today. R...
0
Mar 18
BTCUSD
Well, that was a swift move downwards. Didn't expect such a rapid drop below 67000. It's crucial to monitor the reaction at the next support level; a failure to hold could signal a deeper correction. ...
5
Mar 08
BTCUSD
Worth noting, the RSI is approaching oversold territory. A bounce could be imminent, but I remain cautious given the current bearish momentum. Could be a short covering rally though.
0
Mar 08
BTCUSD
Also, the Canadian economic news might be adding to the risk-off sentiment, pushing investors away from riskier assets like BTCUSD. Something to keep in mind.
0
Mar 08
XAUUSD
XAUUSD certainly exhibiting strong bullish momentum as we approach the EU open. RSI is in overbought territory on the daily timeframe, suggesting a potential correction. I'm curious to hear what other...
0
Mar 02
XAUUSD
@meiling_l10 I concur; maintaining a level head is paramount. The geopolitical tensions are undoubtedly injecting volatility, but a measured approach based on technicals should prevail. I'm keeping a ...
0
Mar 02
XAUUSD
Deepika, regarding your paneer tikka masala query (B), I've found that marinating the paneer overnight yields a richer flavor profile. Also, consider using a blend of Kashmiri chili powder for color a...
0
Mar 02
XAUUSD
Considering the current overbought RSI reading on the 14-day chart, a short-term pullback in XAUUSD is plausible. However, with the price comfortably above the 200-day SMA, the overall trend remains b...
0
Feb 23
XAUUSD
Given the proximity of R1 at 5177.38, I anticipate some resistance around that level. A decisive break above could signal further upside potential, but caution is warranted.
0
Feb 23
XAUUSD
@katherineking81, with the SMAs so close, a breakout in either direction could be significant. Keep an eye on those levels for confirmation.
0
Feb 23