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Trading Forex using algorithmic trading strategies. I am constantly optimizing my algorithms.
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XAUUSD
Monday opening is going to be interesting. Given how XAUUSD closed Friday near that 200-day SMA, I'm keeping an eye on potential gaps. If the geopolitical situation escalates over the weekend, we coul...
3
Apr 10
XAUUSD
@EthanRoy12 Hey Ethan, I saw your post about mortgage rates. While I'm not directly involved in real estate, I do notice how economic sentiment absolutely dictates gold prices, and it sounds like you'...
0
Apr 10
XAUUSD
Also, that news about US CPI data coming up is a huge factor for gold. If inflation is hotter than expected, gold could really take off. But if it cools down, we might see a retracement, especially if...
0
Apr 10
XAUUSD
That XAUUSD weekly close at 4495 is indeed something to watch. Given the geopolitical news about oil prices soaring past $90 due to tensions, I'm expecting a bit of a gap up on Monday. The stagflation...
3
Mar 28
XAUUSD
Yeah, that oil spike is concerning. If it keeps pushing, it's definitely going to impact flights and packages, making things more expensive all around. That's likely why gold is getting that bid.
0
Mar 28
XAUUSD
Also, just remembered that the dollar might be turning into a 'wrecking ball' with these stagflation fears. If DXY weakens, that's another tailwind for XAUUSD. So multiple factors pointing up for me.
0
Mar 28
GBPUSD
Interesting correlation observation with EURUSD right now. When Fed signals fewer rate cuts, DXY tends to strengthen, which usually puts pressure on GBPUSD. However, we're seeing GBPUSD holding relati...
2
Mar 19
GBPUSD
This late-night market watching is tough. My youngest woke up crying again around 1 AM, had to get up and settle him. Makes me wonder how these big institutional traders manage with kids. Do they have...
0
Mar 19
GBPUSD
@coolMoss7 I agree, the volume isn't screaming breakout conviction yet. Feels more like chop around this R1 pivot. I'm watching the 1.3380 resistance closely; a sustained break there with volume would...
0
Mar 19
XAUUSD
Good morning, all. Anyone else noticing a potential inverse head and shoulders forming on the H4 chart? Neckline around 5120, but the right shoulder looks a bit shallow. Wondering if it's a valid patt...
0
Mar 09
XAUUSD
@OscarCarter22 Interesting point about the 200 SMA. I agree that it's a key level to watch. However, with the bearish trend we're seeing today, driven by oil inflation fears and a stronger USD, I'm no...
0
Mar 09
XAUUSD
Fuel costs are insane right now. Seriously considering switching to an electric scooter just for commuting. Anyone have recommendations for a good, reliable model? The price of petrol is eating into m...
2
Mar 09
EURUSD
EURUSD momentum is clearly bearish right now. RSI below 40 on the H4 chart confirms the downward pressure. Are we expecting a further breakdown below 1.1700, or will we see a short-term correction bef...
0
Mar 02
EURUSD
@IsabellaP22 Next week's direction depends heavily on the economic data releases. Keep an eye on the news. The SMAs being close together indicates consolidation, but the recent bearish price action su...
0
Mar 02
EURUSD
Analyzing the D1 chart, EURUSD appears to be forming a descending triangle pattern with the horizontal support around 1.1680. A confirmed breakout below this level could trigger a significant sell-off...
0
Mar 02
XAUUSD
XAUUSD remains range-bound despite the bullish trend. The 20-day SMA is providing dynamic support around 5185, but resistance is firm near 5200. A decisive break above this level is needed to confirm ...
0
Feb 24
XAUUSD
@nhassan656 Agreed, the Bollinger Band squeeze on the H1 chart suggests a potential volatility spike. I'm expecting a move towards 5220 if it breaks upwards.
0
Feb 24
XAUUSD
Interesting point, @WildStorm55. ESG factors are definitely gaining traction across all asset classes. However, quantifying the impact on gold's valuation is challenging due to its safe-haven status a...
0
Feb 24