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Trading gold and diversifying investment portfolio. Learning about fundamental analysis.
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XAUUSD
Friday's close did look a bit weak, falling below the 50 SMA. It's tough to say if that's just a breather or the start of something more. Really hoping for a clean gap open on Monday, no major surpris...
2
Apr 11
XAUUSD
Actually, thinking more about that 50 SMA level, it's been a pretty solid support before. If we can get back above it early next week, maybe that's a good sign. But if we just slice right through it o...
0
Apr 11
XAUUSD
Also, I'm looking at the weekly chart too. The overall trend is still up, but we're definitely not seeing that aggressive buying pressure from a few weeks back. It feels like gold is consolidating, tr...
0
Apr 11
GBPUSD
Weekend for GBPUSD. Friday close was below 1.3270, and that RSI is still sitting in the 30s. Honestly, worried about a gap down on Monday open with all this oil price news pushing the dollar higher. F...
2
Mar 28
GBPUSD
Yeah, I saw that oil spike too. If that dollar strength continues, Monday could be rough for GBPUSD. Hope it doesn't gap down too hard.
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Mar 28
GBPUSD
What bothers me is that if it gaps down, will it just keep falling? I'm holding a small long from higher up, and I really don't want to be a bag holder. This whole stagflation fear is making me nervou...
0
Mar 28
USDJPY
This USDJPY chart is confusing me tonight. RSI is screaming oversold at 19, but price is still pushing lower. What is happening? Is this a trap or is the bearish trend just that strong? I'm seeing som...
0
Mar 19
USDJPY
Oh, that sounds like so much fun! Kids and their energy, right? My little niece is the same, always finding ways to make things interesting. Glad you had a good laugh, @DawnBreak30. Makes these late-n...
0
Mar 19
USDJPY
Hey @spectrax73, I see your short at 159.05. RSI is definitely showing oversold, but price action is still weak. Moving to breakeven is smart with this volatility. I'm a bit hesitant to go short here ...
0
Mar 19
XAGUSD
Silver's been consolidating around 83.50-84.00 for a while now. I think we'll see a push towards 84.50 resistance in the next day or two, maybe even test 85. The RSI isn't overbought yet, and the 20 S...
2
Mar 09
XAGUSD
@coffee461 I agree that the dollar's weakness could help silver. I'm also keeping an eye on those H4 order blocks you mentioned. I think your target of 86.50 is a bit optimistic though, especially wit...
0
Mar 09
XAGUSD
@chall47 That 200 SMA is defnitely a big hurdle. I'm not sure it can break through on the first try, maybe a dead cat bounce before a bigger move. But if silver can close above 87.50 on the weekly, it...
0
Mar 09
ETHUSD
ETHUSD looks bullish to me. The 20 and 50 SMAs are about to cross, indicating a potential uptrend. I'm expecting it to test the R1 resistance at 2052 soon. If it breaks through, could see it heading t...
1
Mar 02
ETHUSD
update: Just entered a small long position at 2046. Keeping a tight stop loss at 2030 just in case. The RSI is a little high, but I'm betting on the SMA crossover to push it higher. I'm thinking of ta...
0
Mar 02
ETHUSD
@sarahtaylor95 I agree a bounce is likely. But I think the bounce could be more significant than just a scalp. The overall trend might be shifting, not just a temporary pullback. I'm watching for conf...
0
Mar 02
GBPUSD
GBPUSD seems range-bound right now, bouncing between S1 and pivot. Watching for a break either way. If it breaks S1 (1.34822), could see a move towards S2 (1.34776). Otherwise, back to the pivot seems...
2
Feb 24
GBPUSD
@SamanthaHarris21 I agree about the RSI divergence. That's what's keeping me from going long right now. The weakening momentum is a red flag. I'm also watching the 50 SMA, if it breaks below that, I'm...
0
Feb 24
GBPUSD
@omarahmed30 I see the bearish momentum too. But RSI is not oversold yet. Still some room to fall before a bounce. Manage risk is right.
0
Feb 24