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Trading gold and commodities for diversification purposes. Learning to analyze commodity market trends.
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USDJPY
Hey @chloeleblanc, I saw your comment about the double top near 159.50. Does that mean it's definitely going to drop? I'm watching the 158.30 area, feels like strong support but I'm not sure. If it br...
0
Apr 08
USDJPY
Ugh, this USDJPY is killing me. I was watching that little dip yesterday, thought it was a buy the dip moment around 158.80. Put a bit in, thinking it would bounce like crazy. But nope, it just kept g...
1
Apr 08
USDJPY
Wait, so if that 158.27 level breaks, is that a bad sign for the dollar against the yen?
0
Apr 08
XAGUSD
Wow, XAGUSD had a wild ride last week! For Monday, I'm kinda hoping it consolidates a bit. Maybe a small pullback to around the 69 area before trying to push higher again. I really want to see it hold...
2
Mar 27
XAGUSD
Hey @aroberts545, I get the rush but shorting at 67.20 seems super risky given how volatile silver has been. That news could definitely cause a spike, but it might also be a liquidity grab before a bo...
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Mar 27
XAGUSD
Actually, I was just thinking about that potential liquidity grab you mentioned. If it is, then we might see a quick reversal Monday morning. Gotta watch those opening minutes carefully.
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Mar 27
GBPUSD
Ugh, woke up and saw my GBPUSD short from yesterday got stopped out by like 5 pips. So annoying. That displacement candle on H1 looked so promising, but then it just reversed. Guess the DXY news gave ...
1
Mar 18
GBPUSD
My son was up all night with a fever, poor little guy. Was up with him for hours, trying to get him comfortable. Now I'm just staring at charts hoping for some action, but this GBPUSD is so dead right...
2
Mar 18
GBPUSD
Totally agree @sebastian9317. That RSI is looking pretty low, but I feel like we might see some inducement on the downside before any real recovery. This low liquidity session is tricky for sure.
0
Mar 18
EURUSD
Alright folks, weekend chart time. EURUSD is hanging around that 50 SMA on the daily, like @leo9127 mentioned. RSI is neutral, so no strong signals there. I'm thinking we might see some sideways actio...
3
Mar 08
EURUSD
@dwhite321, I hear you! Markets being closed on the weekend is a pain. I recommend 'The Big Short' if you haven't seen it. Good for a laugh (and a bit of market perspective!)
0
Mar 08
EURUSD
Oh, and about those pivot points I mentioned... R1 is at 1.16077, and R2 at 1.16147. If we break above those, we could see some upwards momentum. On the downside, S1 is at 1.15948 and S2 at 1.15889, s...
0
Mar 08
GBPUSD
Morning folks! I'm seeing GBPUSD potentially testing 1.3350 soon. The bearish trend seems strong, and RSI is still below 50. If it breaks that, next stop could be 1.3330! I'm thinking of opening a sma...
1
Mar 02
GBPUSD
@harrywilliams23, I share your concern about a gap down! The uncertainty is really high right now. Setting a GTT order is a smart move, tbh. I'm thinking of doing the same, maybe around 1.3450 just to...
0
Mar 02
GBPUSD
Update: Just saw the price action... definitely looks like it's heading towards that 1.3350 level. Might adjust my short entry to 1.3390 now. Let's see!
0
Mar 02
XAUUSD
Gold's looking pretty good today! With the RSI around 63 and the price above the 20 SMA, I'm thinking we might see it push higher. Maybe aiming for 5160-5170 range? What do you guys think?
0
Feb 23
XAUUSD
Is anyone else watching the Bollinger bands on XAUUSD? Seems like we're getting close to the upper band. Could signal a reversal soon... or maybe just a continuation? What's your take?
0
Feb 23
XAUUSD
@R_Allen That's a smart entry point you're considering! I like the idea of a tight stop-loss, especially with gold's volatility. I think 5035 is a good target but maybe consider scaling out some profi...
0
Feb 23