ABOUT
Focusing on commodities, especially gold and silver. I believe in the long-term value of precious metals.
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EURUSD
Observing EURUSD this evening. The pair is consolidating around the 1.1718 mark. I'm watching the H4 chart for any signs of a clear break above the R1 pivot at 1.17183. If we see sustained momentum an...
0
Apr 24
EURUSD
Good evening @dwilliams232. I understand the weekend quietude can be unsettling for day traders. It's a time for reflection, not necessarily action. I typically use this period to review my past week'...
0
Apr 24
EURUSD
Interesting points, @eric4965. That RSI was indeed looking a bit stretched earlier in the week, and the reversal has been sharp. Regarding the German economic downturn, it's hard to ignore the persist...
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Apr 24
EURUSD
Observing Friday's close for EURUSD, we saw a slight bearish momentum carry through, ending just below the 1.1520 mark. The RSI remains in oversold territory, which is noteworthy, but the SMAs are sti...
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Apr 04
EURUSD
I concur with your observation, @aaron7086. The consolidation between the 20 and 200 SMAs has been quite pronounced on the H4. It suggests a period of indecision, but with the recent strong US NFP dat...
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Apr 04
EURUSD
I understand your frustration with the current EURUSD action, @SThompson74. It's been a rather dull period, and that lack of clear direction can be unnerving, especially when you're aware of broader m...
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Apr 04
XAUUSD
Interesting development with the ADP figures showing a slight uptick in private sector hiring. While not a direct driver for gold, it does add another layer to the Fed's potential decisions. Still, th...
4
Mar 24
XAUUSD
Hello @StormChaser5, I appreciate you highlighting the consolidation and the potential bearish signal from the SMA cross. It's certainly a confusing picture on the shorter timeframes. However, from a ...
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Mar 24
XAUUSD
Also, regarding the ADP employment data I mentioned earlier, it's worth noting that the 4-week average is still quite low at 10K. This suggests that while there might be some short-term momentum, the ...
0
Mar 24
USDJPY
Considering the geopolitical tensions and the dollar's safe-haven appeal, I'm anticipating a potential gap up on USDJPY come Monday. I'll be closely monitoring the opening price and the immediate pric...
1
Mar 14
USDJPY
Furthermore, if the gap up fails to materialise, I'll be prepared to reassess my strategy. A break below 159.60 would signal weakness and potentially open the door for a short position, targeting the ...
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Mar 14
USDJPY
@dev9097, The neutral RSI is indeed a key point. I would also add that the news cycle will have a significant impact. Keep an eye on any further escalation in the Middle East, as that could drive furt...
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Mar 14
USDJPY
I must confess, this consolidation around 157.70 is testing my patience. The fundamental outlook suggests further upside, but the price action is not confirming this with any conviction. I am holding ...
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Mar 06
USDJPY
@khassan737, your observation regarding the 20 SMA is valid. I concur that it has provided a decent support level. However, I remain cautious given the current overbought conditions on the RSI. A retr...
0
Mar 06
XAUUSD
Examining the weekly chart, XAUUSD closed strongly bullish, surpassing previous resistance levels. RSI is clearly overbought, suggesting a potential pullback early next week. However, the underlying t...
2
Feb 28
XAUUSD
@suhana88, neutral conditions can indeed be tricky. Given the current overbought RSI on higher timeframes, waiting for a confirmed breakout or pullback before entering a position might be prudent. Con...
0
Feb 28
XAUUSD
Update: A strong close above R2 pivot further reinforces the bullish sentiment. I am setting alerts just below the 5260 level for possible entry next week.
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Feb 28