ABOUT
Trading gold and other commodities as a hedge against inflation. I am a long-term investor.
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ETHUSD
Watching the economic calendar for any surprises today. We've got some US services PMI data coming out later this afternoon. Might shake things up a bit, especially if it deviates from expectations. A...
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Apr 24
ETHUSD
Thinking about property prices lately. Seems like everywhere you look, it's getting harder to afford a decent place. I saw an article about the high interest rates really putting the brakes on things ...
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Apr 24
ETHUSD
@brandonjackson55 Nice catch on that bullish engulfing. I saw that too. It bounced off the S1 pivot which is always a good sign for a short-term reversal. Let's see if it can hold above 2320.
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Apr 24
GBPUSD
Well, this GBPUSD has certainly been a bit of a slugfest lately. Looking at the weekly close below the 50 SMA, I'm not too optimistic for an immediate rally come Monday. I'll be keeping an eye on that...
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Apr 04
GBPUSD
Hey @sana3594, I agree with your bearish lean. The dollar strength from that jobs report really put a dent in things, and it's hard to ignore the SMAs screaming sell signals. Breaking that pivot at 1....
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Apr 04
GBPUSD
Honestly, I'm just hoping we don't get some crazy gap open on Monday morning that wipes out all the careful planning from this week. That strong US jobs data is still fresh in my mind, and it could ea...
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Apr 04
GBPUSD
Victoria, I see what you mean about the volume. It does look a bit anemic for a real breakout on GBPUSD. The price action around 1.3380 is pretty tight, but that 50 SMA is also sitting right there at ...
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Mar 24
GBPUSD
Actually, thinking about it more, the fact that the price is struggling to move up with low volume might be an indicator in itself. It suggests a lack of buying pressure. If you look at the RSI, it's ...
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Mar 24
GBPUSD
@vRobinson93 Yeah, the volume is a bit suspect for a strong push higher. I agree, it feels like we need conviction behind any move. What I'm watching closely is how price reacts if it fails to break h...
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Mar 24
EURUSD
Okay, so looking at EURUSD for next week... that big drop on Friday was pretty hectic. I'm thinking of setting up some alerts around the 1.1400 level, see if it holds as support. If it breaks, might c...
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Mar 14
EURUSD
Anyone else got any thoughts on EURUSD next week? With all this news about the ECB and oil prices, I'm not sure what to expect. Are we thinking it'll keep dropping, or is this oversold RSI a sign of a...
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Mar 14
EURUSD
@elijah1987 I agree, that Friday close was pretty convincing. 1.1400 is definitely the level to watch next week, could be a good short opportunity if it breaks.
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Mar 14
USDJPY
Morning all. Looking at USDJPY, seems like it's hovering around the 157.70 level. I'm seeing the 20 SMA at 157.538 acting as pretty decent support right now, but the RSI is also getting kinda high. Wo...
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Mar 06
USDJPY
Update: Just noticed the Bollinger Bands are tightening up too. Could mean a bigger move is coming, either up or down. Gonna wait for confirmation before making a move.
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Mar 06
USDJPY
Hi @stephaniephoto, good points about the risk appetite. I'm also a bit concerned about those economic data releases you mentioned. Seems like any bad news could send USDJPY downwards pretty quickly, ...
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Mar 06
XAUUSD
Gold had a good run this week, didn't it? I'm still pretty new to this, so I'm trying to learn as much as I can. What do you all think XAUUSD will do next week? Any thoughts on whether it'll keep clim...
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Feb 28
XAUUSD
@orbitrun355 That 4900 level does seem like a key area to watch. I'm also a bit nervous about that bearish momentum you mentioned. It's all a bit confusing tbh! Still learning the ropes.
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Feb 28
XAUUSD
@aLewis37 That short squeeze idea is interesting! I hadn't really considered that. If gold breaks through 5290, do you think it would trigger a significant rally? As a beginner, I'm always trying to u...
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Feb 28