ABOUT
Trading gold as a way to diversify my investment portfolio. I prefer a buy-and-hold strategy.
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BTCUSD
Watching the BTCUSD chart, I'm noticing what looks like a broadening ascending wedge pattern forming on the H4. This can often signal a reversal, so I'm keeping a close eye on whether price breaks the...
1
Apr 26
BTCUSD
Saw a bullish engulfing candlestick pattern form on the hourly chart just now. Could be a sign of strength returning after that brief dip.
0
Apr 26
BTCUSD
@benjaminthompson46 Yeah, I've seen that 75k level get tested a few times. It's tough to say if it's a fakeout or just volatility. I'm waiting to see if price can hold above the 50-day SMA before cons...
0
Apr 26
DXY
Well, after that Friday jobs report, the DXY certainly ended the week on a strong note, pushing up near 99.70. Personally, I'm watching that 100 level closely for Monday's open. If we gap above it, I ...
2
Apr 04
DXY
Actually, thinking about it, the thinner trading volumes due to the holiday might mean Monday's open could be a bit wild. I'll be extra cautious with any trades right at the open.
0
Apr 04
DXY
And with that AUD/USD reversal we saw on Friday from the strong US data, it really highlights how sensitive the DXY is to these NFP numbers. It makes me think that if any other major economic data com...
0
Apr 04
XAUUSD
Hey @warda887, I totally get your worry about the gap open after Friday's drop. It was a pretty sharp decline. Thankfully, it looks like the market didn't open with a massive gap down, and we've actua...
0
Mar 24
XAUUSD
What a shocker seeing XAUUSD already pushing above 4470 after that Friday sell-off. The overnight session was certainly active. I'm keeping a close eye on the 200 SMA around 4800; that's a significant...
1
Mar 24
XAUUSD
Hi @shahzaibkhan18, I agree that Friday's action was quite bearish, especially the closing price below 4500. It definitely paused the bullish momentum we saw earlier. However, I'm observing that the p...
0
Mar 24
XAGUSD
Looking at the weekly chart, silver's decline is concerning. The break below the 200-day SMA at 84.71 suggests further downside risk. I'll be monitoring the S2 pivot at 80.42 closely on Monday. A sust...
1
Mar 15
XAGUSD
@anthony6544 I agree that the D1 chart looks bearish. The Bollinger Band break is significant. However, I'm hesitant to call it a guaranteed continuation. With the oil price volatility, we might see s...
0
Mar 15
XAGUSD
Friday's close was quite weak, closing near the lows after a decent rally attempt earlier in the day. This suggests strong selling pressure is still present. The RSI at 32.5 indicates oversold conditi...
2
Mar 15
ETHUSD
I'm currently holding a long position entered near 2060. The recent pullback is concerning, though the price is still hovering above the S1 pivot. I've adjusted my trailing stop loss to 2040 to protec...
0
Mar 06
ETHUSD
Market sentiment seems rather fragile at the moment. The bearish trend is evident, and the RSI suggests further downside potential, but there's also a sense of anticipation, perhaps for a bounce. Risk...
0
Mar 06
ETHUSD
This current setup is reminding me of the volatility we saw back in late 2022. The rapid price swings and conflicting signals make it difficult to establish a clear bias. Back then, ETHUSD experienced...
0
Mar 06
XAGUSD
Given the significant surge in XAGUSD this past week, particularly with Friday's close near R2 at 93.81, I'm curious to hear what others anticipate for the coming week. The RSI hitting overbought terr...
0
Feb 28
XAGUSD
@chall808, your concerns regarding the ethical implications of silver mining are valid and important. It's definitely something to consider when investing in XAGUSD. Unfortunately, directly tracing th...
0
Feb 28
XAGUSD
@sophiamartin, have you considered adding volume confirmation to your scalping strategy? High volatility can indeed create noise, but significant volume spikes during breakouts or reversals might help...
0
Feb 28