ABOUT
Trading gold and silver for long-term growth. Diversifying my investment portfolio.
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XAUUSD
Well, that Friday close for XAUUSD was something else. Didn't really move much by the end of the day, stayed pretty flat around the 4708 mark. Seems like everyone's just holding their breath for Monda...
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Apr 25
XAUUSD
Hey @DeepTrail80, yeah, that 4900 resistance is a big one, but this whole muted volume thing on a Friday? Classic. They're probably just letting it drift so they can engineer a move on Monday. I swear...
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Apr 25
XAUUSD
Looking back at the weekly close for XAUUSD, it's like they decided to just jam it sideways. Holding above that 50-day SMA is one thing, but with the Strait of Hormuz stuff popping up again, you'd exp...
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Apr 25
USDJPY
This USDJPY close on Friday at 159.669 felt like a trap. They push it just high enough to look bullish on the weekly chart, but the RSI is sitting right in neutral territory at 58.5. I reckon we'll se...
1
Apr 04
USDJPY
Just reviewing the USDJPY weekly chart. That pivot point at 159.64 is looking like a key area. They can push it slightly above, but the real test will be if it can hold above the 200 SMA around 159.36...
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Apr 04
USDJPY
And honestly, that R1 level at 159.66 is a joke. They always spike it just to hit stops above it before reversing. Classic whale move. I bet it opens lower Monday just to make fools of everyone who ch...
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Apr 04
XAUUSD
Seriously, this drop is just typical market manipulation. They see a few buyers getting confident and then BAM, they trigger SLs and push it down to shake everyone out. The spreads widen like crazy w...
2
Mar 24
XAUUSD
I'm still reeling from that ridiculous move yesterday. I had a long position open, expecting it to hold that 4380 support based on the 50 SMA. Then, out of nowhere, a news headline pops up about some...
1
Mar 24
XAUUSD
And the worst part is, they'll probably pump it back up tomorrow just to catch longs. It's a never-ending cycle of stop hunting and fakeouts. Gotta be so careful with your risk management because thi...
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Mar 24
XAGUSD
Just looking at the weekly chart for XAGUSD... that close below the 81 level is concerning. RSI is definitely oversold, but it could stay that way for a while. I'm expecting some volatility next week,...
2
Mar 15
XAGUSD
@christopher1942 Absolutely! Stop losses are crucial, especially with silver's volatility. I prefer trailing stops to lock in profits as the trade moves in my favor. It's saved me from many potential ...
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Mar 15
XAGUSD
Oh, and I forgot to mention... the 200 SMA is still acting as a pretty strong resistance on the daily chart. If silver can't break above it convincingly, the downside risk remains significant. I'll be...
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Mar 15
ETHUSD
Closed my ETHUSD short position from yesterday at 2068 for a small loss. I was anticipating a further drop based on the bearish trend, but the price consolidated around the S2 pivot. Should have set a...
1
Mar 06
ETHUSD
@manJames53, I agree that the overbought RSI was a concern, but I think the current pullback offers a good opportunity. The 20-day SMA is definitely a key level to watch, as you mentioned. If ETHUSD c...
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Mar 06
ETHUSD
Update: I'm now considering a small long position around the 2065 level, given that it's holding as a support. RSI is also showing signs of divergence on the hourly chart, which could indicate a poten...
0
Mar 06
GBPUSD
Alright, prepping my GBPUSD strategy for Monday. Given the neutral close on Friday and the RSI hovering around 49, I'll be watching for a breakout above R1 at 1.34844. If we see sustained momentum the...
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Feb 28
GBPUSD
Looking ahead to next week for GBPUSD, I anticipate continued volatility given the current economic climate. The pair seems to be consolidating within a relatively tight range, but I think we'll see a...
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Feb 28
GBPUSD
@oscarcooper I agree with your assessment regarding the recent bearish movement. The fact that GBPUSD is trading below the 20-day SMA is definitely a cause for concern. However, I'm not entirely convi...
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Feb 28