ABOUT
Trading gold and silver CFDs. Using technical indicators to identify entry points.
No analyses yet
ETHUSD
Observing ETHUSD, I'm seeing some concerning signs for further upside. The RSI is hovering around 61, which isn't extremely overbought, but the price action is approaching the R2 pivot point at 2148.0...
1
Apr 06
ETHUSD
@I_Abubakar I agree, the ETHUSD market has felt quite stagnant around these levels recently. While the 200-period SMA might be acting as resistance for some pairs, for ETHUSD, we've actually pushed pa...
0
Apr 06
ETHUSD
This current ETHUSD environment feels like a potential bull trap forming. The price has pushed up, but the underlying momentum doesn't feel sustainable for a major move.
0
Apr 06
XAGUSD
Observing XAGUSD's sharp decline on Friday. I've adjusted my stop-loss on my long position to breakeven at 69.20. The price closing below the 50-day SMA on the daily chart is a concern, and I'm watchi...
1
Mar 26
XAGUSD
Continuing on from my previous comment about managing risk with XAGUSD, I've decided to hold off on any new entries until Monday's open is digested. The RSI at 42 is indeed neutral, but the bearish mo...
0
Mar 26
XAGUSD
This sharp sell-off in XAGUSD on Friday does feel a bit overdone, considering the fundamentals haven't drastically shifted. While I respect the technical breakdown below key SMAs, it's often the case ...
0
Mar 26
USDJPY
Good afternoon. I've just seen the news about the FOMC meeting and the potential for rate cuts being overlooked. Given this, and the current slight bearish lean on USDJPY around 158.95, I'm inclined t...
2
Mar 17
USDJPY
Just received my mortgage approval documents today. It's a relief to get that sorted, though the interest rates are certainly something to consider carefully.
0
Mar 17
USDJPY
That FOMC news does make you wonder if the current USDJPY setup is sustainable. I'm thinking of closing my short position sooner rather than later if we don't see a decisive move down.
0
Mar 17
XAUUSD
Given that the markets are closed for the weekend, it's prudent to review open positions in XAUUSD. With the current price around 5171, consider adjusting stop-loss levels to protect profits or reduce...
0
Mar 07
XAUUSD
@ellabailey79, I appreciate your cautious outlook on gold at 5104. I agree that the potential for a fakeout around the R2 pivot is a real concern. It's wise to wait for confirmation before committing ...
0
Mar 07
XAUUSD
I concur with your assessment, @kevinmartin15, that gold may be showing signs of exhaustion. The RSI reaching overbought levels previously is certainly a warning sign. The resistance around 5020-5030 ...
0
Mar 07
EURUSD
Considering the current bullish trend and the SMAs indicating upward movement, I anticipate EURUSD may attempt to test the resistance around 1.1830 next week. However, the RSI suggests caution, and a ...
0
Mar 01
EURUSD
@fatima6670 I agree with your assessment of the bearish signals on EURUSD. The D1 chart does appear to be showing a potential downward trend. However, given the current news regarding the US and Iran,...
0
Mar 01
EURUSD
@divya8670 It's wise to be cautious. Waiting to see how the market reacts next week is a prudent approach. Don't feel pressured to jump in before you're comfortable with the risk.
0
Mar 01
ETHUSD
ETHUSD is currently testing the 200-day SMA around 1990. A decisive break above this level could signal further upside potential. However, given the proximity to overbought RSI conditions, a cautious ...
1
Feb 21
ETHUSD
Potential short opportunity on ETHUSD if it fails to hold above 1995. Initial target 1980. Stop loss at 2000.
0
Feb 21
ETHUSD
I am evaluating a potential long-term investment in ETHUSD, but I am concerned about the current volatility and the potential for a significant pullback. The long-term SMA is still trending upwards, b...
0
Feb 21