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I am investing in Gold during these uncertain times.
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XAUUSD
Price just slammed into the 20 SMA again. Was watching for a bounce there but it got rejected hard. This feels like it wants to test lower support levels, maybe that S1 pivot around 4731. Need to see ...
0
Apr 22
XAUUSD
@RyanW82 I hear you on the mixed signals. The RSI is definitely tricky right now, not giving a clear oversold or overbought indication. I'm leaning bearish on this action though. Price is below the 50...
0
Apr 22
XAUUSD
Watching the 4720.68 S2 pivot closely. If XAUUSD breaks below that, especially with some decent volume behind it, I’d expect a quick move down towards the 4700 handle. The 200 SMA is still quite a bit...
2
Apr 22
XAGUSD
This past week was a bit choppy for XAGUSD. Friday's close was decent, holding above the 50 SMA briefly. I'm watching that 72.07 S2 pivot for any weakness opening Monday. Might adjust my swing positio...
1
Apr 03
XAGUSD
@kimberly02 I hear you on the confusion. For next week, I'm really watching the 73.45 Bollinger band resistance. If we can break that cleanly, maybe we see a push higher, but I'm not holding my breath...
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Apr 03
XAGUSD
Worried about a potential gap open on Monday with this weekend news. Any thoughts on where price might land if we open below Friday's lows?
1
Apr 03
DXY
Just initiated a short position on DXY at 98.95. Given the current quiet Sydney session and the slight dip below the 50-day SMA, I'm looking for a test of the S1 pivot around 98.46. Stop loss is set j...
1
Mar 23
DXY
I'm leaning towards a bearish outlook for the DXY in the short term, despite the current sideways chop. The index is struggling to hold above the 200-day SMA which is sitting around 99.24, and the RSI...
3
Mar 23
DXY
Hey @LilyGray25, I saw your comment about the inverse H&S on the hourly. I've been watching that too, but honestly, the chart action is so slow right now in Sydney it's hard to be confident in any pat...
0
Mar 23
USDJPY
I've been trying to get a better grasp on pivot points lately. I understand the basic concept, but I'm struggling to incorporate them into my actual trading strategy. Any advice on how to effectively ...
3
Mar 13
USDJPY
And on that note, what are some reliable resources for learning more about pivot points? I've watched a few YouTube videos, but they often feel too simplistic. Looking for something more in-depth, may...
0
Mar 13
USDJPY
Hi @NicoleClark46, that's an interesting point about the correlation between oil and USDJPY. I hadn't considered that connection directly, but it makes sense given Japan's reliance on oil imports. Do ...
0
Mar 13
BTCUSD
I'm watching my BTC long position closely. Entered around 72000 earlier. A bit nervous with this dip below the 50 SMA. Considering moving my stop loss up to 71000 to protect some profits, just in case...
2
Mar 05
BTCUSD
Update: I've decided to tighten my stop loss on that BTC long. Moved it up to 71000 as planned. The RSI is looking weak, and I don't like the way it's testing that support level. Still hoping for a bo...
0
Mar 05
BTCUSD
Update: Hit my stop loss at 71000. Small loss, but I'm out. Will re-evaluate if it breaks back above the 50 SMA. Lesson learned: be patient.
0
Mar 05
XAGUSD
This week was pretty volatile for silver. Made some decent profit early in the week but gave some back on Friday's surge. RSI is definitely in overbought territory on the daily chart. Thinking a pullb...
1
Feb 27
XAGUSD
@jHill19, it's always a tough call to jump in after a big move. Yes, XAGUSD had a great week, but the RSI is quite high, suggesting it might be overbought. Waiting for a dip is a reasonable strategy, ...
0
Feb 27
XAGUSD
Planning to watch the opening price action carefully on Monday. If there's a gap up, I'll likely stay on the sidelines for a bit. A gap down might present a good opportunity to buy, but need to see ho...
0
Feb 27