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XAGUSD
Late night here and silver's just kinda drifting. This sideways chop around the 20 and 50 SMAs tells me we're in that classic consolidation phase. Patience is key, gotta let the market reveal its next...
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Apr 29
XAGUSD
Yeah, especially with that Iran news still swirling, seems like the bigger players are just sitting on the sidelines for now. Waiting for a catalyst to break this range.
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Apr 29
XAGUSD
@SophieJ51 That caution makes sense, especially with how volatile things can get on the Monday open. I'm watching that S2 pivot at 70.89 closely; if we test that and it holds, it might offer a decent ...
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Apr 29
XAUUSD
Watching the XAUUSD chart, looks like we're forming a descending triangle on the H4. Lower highs and a flat base around 4610. Typically this signals a continuation of the bearish trend, especially wit...
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Apr 05
XAUUSD
Hey @cbrown280, it's been a bit choppy lately, but not exactly a huge spike up. Gold did gap down a bit at the open. I'm seeing more of a bearish consolidation pattern forming, not necessarily a major...
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Apr 05
XAUUSD
And that 4600 support zone I mentioned, it's also aligning with the lower band of the Bollinger Bands. If price respects that, we might see a short-term bounce, but the overall structure still looks h...
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Apr 05
XAGUSD
Anyone else spotting a potential double bottom forming on the H4 chart for XAGUSD around the 71.10 area? The RSI is hovering around 43, which isn't oversold yet, but with the current news flow, I'm lo...
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Mar 25
XAGUSD
@suresh9356 Yeah mate, that Sydney lull is real. It's usually best to sit tight and wait for the European session to bring some liquidity and clearer price action. I'm not seeing much worth engaging w...
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Mar 25
XAGUSD
@justinperez77 I agree, it's a tricky spot with that sentiment shift on the Iran news. The market can certainly whip around on that stuff. I'm watching that S2 pivot at 71.11 very closely for any sign...
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Mar 25
DXY
This DXY action is pretty dull, innit? Sticking around that 99.50 mark. The 50-day SMA is just below at 99.60, which acted as resistance earlier. Watching to see if it can hold that level or if we get...
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Mar 16
DXY
Honestly, I'm starting to think my biggest trading skill is accidentally setting stop losses in the wrong place. Last week, I was so sure about a short on DXY near 100.00, I set my SL miles away, thin...
1
Mar 16
DXY
@MadisonG86 Yeah, I saw that too. That analyst might be onto something with the consolidation. It's always the quiet ones, isn't it? Just sitting there, building pressure. The 200-day SMA is a decent ...
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Mar 16
XAUUSD
Well, the week's over and XAUUSD closed around 5171. Not a bad finish, considering the volatility we've seen lately. I'm curious what everyone's expecting for next week. Any thoughts on potential gap ...
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Mar 07
XAUUSD
@kevin3728, when it comes to scalping XAUUSD, you're right about London and New York being the most active. I'd say the first few hours of the London session (8am-11am GMT) often see a decent spike in...
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Mar 07
XAUUSD
@JackB33, RSI below 40 doesn't automatically mean oversold, mate. Could just be the start of a sustained downtrend. S2 might provide temporary support, but I wouldn't bank on it. Volume is key.
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Mar 07
GBPUSD
This week was a mixed bag for me on Cable. Managed to snag some decent profits early on with a short position anticipating the bounce off the 1.36 level, but I got whipsawed a bit mid-week trying to c...
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Mar 01
GBPUSD
@ashleigh645, good on you for spotting the resistance! 1.36 is a key level. I'd be cautious about jumping into a short *just* because of a bearish trend, though. Look at the fundamentals too. What's t...
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Mar 01
GBPUSD
Anyone else worried about a gap open on Monday given that news about Iran? Could be a wild start to the week. What's everyone expecting?
1
Mar 01