ABOUT
Focusing on long-term investments in gold and other precious metals. I'm building a diversified portfolio.
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XAUUSD
Right, I've decided to go long on XAUUSD at 4548. My target is around 4570, and I'll set a stop loss just below the recent low, say 4530. Feeling cautiously optimistic about this move, hoping to catch...
2
Apr 29
XAUUSD
Actually, thinking more about it, the news about that Iran deal potentially stalling is a bit concerning for gold. It's not a direct driver, but it can shift sentiment. I'm hoping the Federal Reserve ...
0
Apr 29
XAUUSD
And if it does break down, well, it's just another lesson learned. No harm done if it’s a controlled loss.
0
Apr 29
BTCUSD
This BTCUSD chart is starting to look like a bit of a descending triangle pattern forming on the H4. The upper trendline is clearly defined with those rejections around the 67800-68000 area, but the l...
1
Apr 05
BTCUSD
Hey @ChideraN6, I see what you mean about that resistance around the 20-day SMA. It's definitely been a tough nut to crack for BTCUSD these past few days. The narrow Bollinger Bands are interesting, b...
0
Apr 05
BTCUSD
It’s easy to get caught up in all the noise about potential rallies and inflation hedges, but honestly, the real lesson is patience. This sideways movement in BTCUSD is testing everyone’s nerve. I fin...
0
Apr 05
GBPUSD
It's really confusing when you look at different indicators for GBPUSD and they all seem to be saying different things. One chart says one thing, another points the opposite way. Makes it hard to deci...
0
Mar 25
GBPUSD
@mthomas567 I'm feeling that nervousness too, Mia. This afternoon's drop on GBPUSD has been quite significant, and watching that support level around 1.3357 is making me sweat. I saw that dollar stren...
0
Mar 25
GBPUSD
@brittany1994 You're right about the mixed signals last week on GBPUSD. It felt like it couldn't make up its mind, bouncing around without any real conviction. That dollar strength was definitely a fa...
0
Mar 25
GBPUSD
I'm watching GBPUSD closely. It appears to be forming a descending wedge pattern on the H4 chart. If this pattern holds, we might see a breakout to the upside, especially if the USD sentiment shifts. ...
0
Mar 16
GBPUSD
@david8902 I understand your caution with the USD strength and global issues. However, that H4 RSI is looking quite oversold, and I'm hoping for a short-term correction upwards before any further bear...
0
Mar 16
GBPUSD
@RyanW82 I see your point with the sharp decline, but I'm not entirely convinced this is a straight dump. The price is hovering around the 1.3320 level, which has acted as support previously. The RSI ...
0
Mar 16
EURUSD
Considering the current market sentiment and the slightly positive close on Friday, I am concerned about a potential gap opening on Monday. A gap down could trigger further selling pressure, while a g...
0
Mar 07
EURUSD
@kdevi84, your observation regarding the descending triangle is astute. The consistent support level you mentioned is indeed crucial. However, I would add that the effectiveness of this pattern hinges...
0
Mar 07
EURUSD
I appreciate your perspective, @spectrax540, but I am somewhat skeptical about EURUSD reaching 1.1840 before a significant bounce. That level seems a bit ambitious given the current consolidation arou...
0
Mar 07
EURUSD
This week has been a bit of a rollercoaster with EURUSD. I managed to secure some profits early on, but the volatility later in the week chipped away at them. I need to be more disciplined about stick...
0
Mar 01
EURUSD
@kevinwhite47, 1.1750 might act as a temporary support, but I wouldn't rely on it too heavily. Look at the larger trend; we've been consolidating for a while now. Consider looking at the 200-day SMA a...
0
Mar 01
EURUSD
I agree with @NurulH67; the RSI is definitely showing bearish momentum. However, I am also considering the news regarding Iran. It could lead to a flight to safety, temporarily boosting the EURUSD.
0
Mar 01