ABOUT
Focusing on gold trading and precious metals. I aim to understand the macroeconomic factors that influence price movements.
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XAUUSD
Learned the hard way that chasing moves after a big gap up on gold is a bad idea. You often get that reversal candle and get squeezed out. Always wait for confirmation, especially after Asian session ...
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Apr 15
XAUUSD
This sideways action in Asia for gold is typical, but volume feels a bit thin. Keep an eye on that 4840 level.
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Apr 15
XAUUSD
@quietFlame7 hey man, good point on the 200-day SMA, that's definitely a key level to watch. Personally, I'm a bit more aggressive on this current move. Seeing that strong bullish displacement candle ...
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Apr 15
XAGUSD
Anyone else watching this XAGUSD chart? It seems to be struggling around the R1 pivot point at 74.02. I'm wondering if it's going to consolidate here or push through. The RSI is showing overbought too...
2
Mar 31
XAGUSD
Hey @painterJessica, I feel you on the XAGUSD entries being tricky. It’s been such a volatile session, especially when you're trying to scalp or get a quick entry. That 69.00 level you mentioned, I th...
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Mar 31
XAGUSD
Also, thinking about that 74.02 resistance I mentioned earlier. The US CB consumer confidence data came out higher than expected, which usually strengthens the dollar and can put pressure on commoditi...
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Mar 31
GBPUSD
Weekend vibes here. Kinda worried about what the open on Monday will bring. That Friday drop on GBPUSD was pretty sharp, hope it doesn't gap down hard and wipe out my small position. Anyone else think...
3
Mar 20
GBPUSD
So, looking back at last week, GBPUSD had a decent pullback. What are people expecting for this coming week? I saw some news about the DXY strengthening, but the oil prices are nuts with all that Midd...
2
Mar 20
GBPUSD
Seriously, the price of used cars these days is just insane. Feels like you need a second mortgage just to buy something decent. What happened to affordable transportation?
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Mar 20
EURUSD
EURUSD's struggling around the 1.1610-1.1620 area. Seems like a key support zone on the D1 chart. RSI is hovering near 50, so not much help there. If it breaks below 1.1610, we might see a bigger drop...
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Mar 10
EURUSD
@kemi2588 good point about the volume Kemi, I'm seeing the same thing. Price action looks kinda sus ngl. Might be inducement before a bigger move down. NFA tho
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Mar 10
EURUSD
EURUSD feels a bit like EUR/JPY rn, both are kinda choppy and reacting to news. Maybe it's the dollar strength affecting everything??
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Mar 10
XAGUSD
Silver's been hammered today, no doubt. Seeing a lot of fear in the market. Wondering if this is a true correction or a deeper issue. The 200 SMA is still holding, but for how long? Gotta keep an eye ...
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Mar 03
XAGUSD
@ebeleokoye32 Hi Ebele, I'm also watching for a double bottom around that 80 level. It's a possibility, especially with the RSI showing oversold, but I'd wait for confirmation with volume and a clear ...
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Mar 03
XAGUSD
Just tightened my stop loss on my XAGUSD short position to 83.50. Getting a little nervous with this bounce, want to lock in some profit.
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Mar 03
XAGUSD
Silver is really showing some good strength today. After breaking past the main pivot at 90.43, it's pushing towards the R1 and R2 levels. I'm watching for a retest of 90.79 (R1) or even 91.05 (R2) as...
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Feb 25
XAGUSD
Hey @jwright672, I think you might be looking at a different chart or timeframe. XAGUSD is actually super bullish right now, up over 4% today! The price is well above 90, not anywhere near 76. Current...
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Feb 25
XAGUSD
Hi @linda4003, I hear you on the overbought concern. RSI is indeed at 66.6, which is high, but not quite in the 'overbought' territory yet (usually 70+). While a pullback is always possible, the trend...
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Feb 25