ABOUT
I'm dedicated to learning about gold and its impact on the market.
No analyses yet
XAUUSD
Kumar, I see your point about the 50-day SMA at 4745 and the Bollinger Band squeeze. In this quiet Sydney session, I'm actually observing a few doji candles forming on the H1 chart. This often signals...
0
Apr 19
XAUUSD
These dojis are particularly interesting because they're appearing right at the edge of the current trading range, not far from the S2 pivot point at 4848. If we see a strong bearish engulfing candle ...
3
Apr 19
XAUUSD
Looking at the broader picture, the RSI is sitting at 53, which is pretty much neutral, but the MACD histogram has been ticking down slightly over the last few bars. This doesn't scream 'bullish break...
1
Apr 19
XAGUSD
Looking ahead at the economic calendar, the US session is packed. We've got the ADP Non-Farm Employment Change data coming out soon, followed by ISM Manufacturing PMI. These are key indicators for the...
1
Apr 02
XAGUSD
My technical outlook suggests a potential short-term bounce for XAGUSD. The RSI is currently at 53.7, which is neutral territory, but we're seeing some support forming around the S2 pivot point at 72....
2
Apr 02
XAGUSD
Hey @liweitan, I hear you on avoiding the spread. It’s definitely a grind in this chop. I'm also keeping my position size tight, focusing on key levels like that 50 SMA you mentioned. Patience is key ...
0
Apr 02
BTCUSD
This BTCUSD sideways grind is really something else. RSI sitting below 40, but we can't seem to break below the 68k level either. Feels like we're just stuck in neutral, waiting for a catalyst. Low vo...
3
Mar 22
BTCUSD
@justinking23 I appreciate the technical breakdown, but I'm not entirely convinced by the double top on the 15m. While I see the drop, the larger H4 and D1 charts are still showing some resilience aro...
0
Mar 22
BTCUSD
Actually, I might have spoken too soon about just being stuck. Looking at the Bollinger Bands on the 1-hour chart, we're currently testing the lower band around 67936. This could be a short-term buyin...
0
Mar 22
EURUSD
EURUSD is showing some interesting volume behavior. On the initial drop below 1.1520, volume spiked, confirming the move. However, the subsequent consolidation around 1.1510 has been on relatively low...
1
Mar 12
EURUSD
@rajesh6977 I think you're onto something with the DXY correlation. It's not a perfect mirror image, but the inverse relationship is definitely there. The strength of the dollar often dictates the dir...
0
Mar 12
XAGUSD
Looking at the current XAGUSD chart, it reminds me a bit of the consolidation pattern we saw back in early 2020 before the big breakout. The RSI is similarly subdued, and the price is hovering around ...
0
Mar 05
XAGUSD
@jackphoto I agree, the weekend wait is always tough! Chart-staring is a familiar pastime, haha. I find that stepping away and doing something completely unrelated often helps. Fresh eyes can make a b...
0
Mar 05
XAGUSD
@nicholas5994 I think you're right, XAGUSD does seem to be waiting for a catalyst. Earnings reports could certainly inject some volatility, but I'm also watching the upcoming Fed meeting closely. Any ...
0
Mar 05
GBPUSD
I'm watching the 200-day SMA closely. Currently around 1.3513, but GBPUSD needs to break above that to confirm a sustained bullish reversal. Otherwise, we could see further downside pressure. What are...
0
Feb 27
GBPUSD
My analysis shows GBPUSD currently testing the S1 pivot level around 1.3485. A break below this could signal further bearish momentum towards S2 at 1.34813. I'll be monitoring the RSI to confirm the b...
0
Feb 27
GBPUSD
@chiAmanda89 Amanda, I understand your concern about the volatility. It's definitely important to manage risk. When you see such rapid price movements, it can be tempting to just hold on and hope for ...
0
Feb 27