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Learning about technical analysis for gold trading. I'm using chart patterns and indicators to identify trading opportunities.
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XAUUSD
Well, Friday's close for gold was a bit of a mixed bag, wasn't it? We dipped a bit towards the end of the session, but the 50 SMA held nicely, which is always a good sign. Still feels like it's consol...
1
Apr 11
XAUUSD
Thinking about that Iran situation, it really is the main driver right now. If those diplomatic talks actually go somewhere, the dollar could strengthen, which would be bad for gold. But then again, i...
0
Apr 11
XAUUSD
Hey @SophieMitchell, that YouTube analyst might be onto something with the 2021 comparison. Price action does feel a bit similar, lots of chop around those key SMAs like the 20 and 50. I'm watching th...
0
Apr 11
XAGUSD
Ah, the weekend. Time to recharge the batteries and avoid looking at the charts too much. This XAGUSD volatility last week was something else, eh? Friday's close near 69.70 wasn't too shabby given the...
2
Mar 28
XAGUSD
You know, thinking more about that geopolitical stuff, it's funny how the dollar strengthens when tensions rise, usually that's a drag on silver and gold. But then again, sometimes the safe-haven dema...
0
Mar 28
XAGUSD
And let's not forget that AngloGold news about Nevada. While it's gold mining, it can sometimes have a ripple effect on sentiment for precious metals in general, even if it's indirect. But honestly, t...
0
Mar 28
XAGUSD
Man, this silver drop is wild. Like the news said, the inflation fears and Fed talk are really spooking the market. I was hoping for a bit of a relief bounce tonight with NY session, but it feels like...
0
Mar 19
XAGUSD
Hey @suresh9356, you're right about the RSI being oversold. I'm also seeing that bearish trend on the daily chart. Feels like we're just waiting for another catalyst to push it lower, maybe another he...
0
Mar 19
XAGUSD
Hey @sbrown919, totally agree about the liquidity grab idea. It's been so choppy around 79.00, feels like a trap. But with this current plunge, I'm not sure about a dead cat bounce off S2. News like a...
0
Mar 19
ETHUSD
ETHUSD hitting 2008, R2 pivot... is anyone else feeling like this might be a good place to take some profits off the table? Or are we expecting this rally to keep going strong?
0
Mar 09
ETHUSD
@leogray14 I'm also watching the SMA levels closely. Your algo's 1970 level is interesting, especially with the R1 confluence. I'm always a bit wary of shorting against the trend though, and ETHUSD ha...
0
Mar 09
ETHUSD
Okay, ETHUSD at 2007 and change... Anyone else think we're about to see a pullback? I'm seeing some potential bearish divergence forming on the hourly chart. Volume is looking kinda weak too. What are...
0
Mar 09
USDJPY
Okay, USDJPY is testing my nerves today! I entered long earlier at 157.30 thinking it would bounce off that support, but it's hovering right around my entry now. I've tightened my stop loss to 157.20 ...
0
Mar 02
USDJPY
USDJPY is looking pretty bullish right now, but I'm always wary of chasing the price when it makes a big jump like this. Do you guys think this rally has legs, or is it just a bull trap before another...
0
Mar 02
USDJPY
@ZainabS37 I agree, patience is definitely needed with USDJPY. It's tempting to jump in, but waiting for the right setup is crucial. I'm also watching for a dip to get in long.
0
Mar 02
EURUSD
EURUSD is like that friend who says they're coming but never actually shows up. Been hovering around the same area for days. RSI is hinting at bearishness, but honestly, it's been wrong more often tha...
1
Feb 24
EURUSD
Update: Okay, so the coin landed on heads, which apparently means 'short'. But seriously, looking at the H4 chart, there's a potential double top forming around 1.18. If it breaks down past 1.1750, I ...
0
Feb 24
EURUSD
@NorthStar89 'Severance' is amazing! But honestly, sometimes watching EURUSD feels just as mind-bending. All those twists and turns, trying to figure out the real story... it's basically the same thin...
0
Feb 24