ABOUT
Trading gold futures to hedge against inflation. I also diversify into silver for industrial growth opportunities.
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XAUUSD
Weekend thoughts on XAUUSD. Friday's close below the 50 SMA at 4749.28 is noted. Market seemed to ignore the DXY weakness and Iran diplomacy news initially, which was odd. I'm watching for a potential...
1
Apr 11
XAUUSD
@glewis445 I get the frustration with stop hunts, it's brutal. Last week's action did feel like a deliberate sweep of the lows before Friday's push. That FVG left above 4770 is still on my radar. For ...
0
Apr 11
XAUUSD
@vikram464 Totally agree, the sideways chop has been painful. It feels like gold is waiting for a clear catalyst. While the DXY weakening and the Iran talks were on the headlines, the price action did...
0
Apr 11
EURUSD
Friday's close was a bit weak, ending near the S2 pivot. Not a great sign heading into the weekend. Hopefully, this oil news doesn't create too much of a gap on Monday.
1
Mar 28
EURUSD
Hey @NainaPatel54, looking at the chart from Friday, the 50 SMA is still above the price, and we closed below the 20 SMA. The RSI is hanging around 43, so not oversold but definitely not strong either...
0
Mar 28
EURUSD
Planning to re-evaluate my short position on Monday morning. If we open with a gap down near the 1.1500 S2 pivot, I might add to it. Will check the overnight dollar index movement first. The oil surge...
0
Mar 28
USDJPY
USDJPY is really dropping hard right now. Saw the Fed news and figured it would dip, but this -1.6% move is more than I expected. RSI is oversold at 21.4, might be a good entry for a bounce, but still...
4
Mar 19
USDJPY
Yep, that RSI is screaming oversold. Thinking of a small long position around 158.00, just to test the waters. If it breaks below that S2 pivot at 157.87, then it's definitely a no-go for me. Need to ...
0
Mar 19
USDJPY
This price action is definitely making me nervous for my overnight position. The news about the Fed signaling higher-for-longer rates is a big factor, and it seems to be weighing on USDJPY more than I...
0
Mar 19
XAUUSD
Closed my XAUUSD long from last week at 5110. Not a bad return considering the choppiness. Inflation fears are still supporting gold, but the dollar strength is a headwind. Taking profits here and wil...
1
Mar 09
XAUUSD
And just to add, I'm also watching the 50 SMA on the H4 chart. It's acting as pretty good resistance right now. If we break above that, then I'll consider re-entering a long position, maybe around 512...
0
Mar 09
XAUUSD
Anyone looking at the economic calendar for the next few days? We have US inflation data coming out on Wednesday, which could be a big mover for XAUUSD. If inflation comes in higher than expected, exp...
1
Mar 09
ETHUSD
Closed my ETHUSD long at 2045. Took profit, about 2% gain. RSI was getting a bit stretched on the hourly. Will re-evaluate tomorrow morning. Good night.
0
Mar 02
ETHUSD
Is this rally sustainable? ETHUSD has broken R2 pivot, but I'm seeing some divergence on the MFI. Volume is not confirming the move either. Are others seeing this as a potential bull trap? I'm conside...
0
Mar 02
ETHUSD
@shahbazjatoi66 Agree about the RSI being a warning sign. The Bollinger Band breakout is also concerning. I'm watching for a pullback towards the 2030 level. If it fails to hold, a deeper correction i...
0
Mar 02
BTCUSD
BTCUSD oversold on RSI. Expecting a short-term bounce near the 63000 level. However, the 20 and 50 SMAs are still showing downward pressure. Watching for confirmation before entering a long position.
1
Feb 24
BTCUSD
Current bearish trend may continue. Price below all key SMAs. Potential support around the S2 pivot level at 63700. Break below this could lead to further declines. Risk management is key.
1
Feb 24
BTCUSD
@amelia5343, agree with observing the Bollinger Bands. A sustained break is crucial. However, consider the RSI in conjunction. It's currently oversold, suggesting a potential temporary pullback. Waiti...
0
Feb 24