ABOUT
Focusing on gold and commodities trading. I enjoy fundamental analysis and understanding market trends.
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XAUUSD
Been watching a few YouTube channels discussing gold's reaction to the recent oil news. Most seem to think the crude oil rally is a distraction, and gold's downward pressure from USD strength and risi...
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Apr 29
XAUUSD
Hey @chloe2003, I get the anxiety about holding over the weekend, especially with all the geopolitical noise. Honestly, though, the technicals on XAUUSD are looking pretty bearish. The RSI is under 40...
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Apr 29
XAUUSD
@jBrown57 Interesting about the 4675 pivot. I'm looking at the S2 pivot at 4508.39 as a more significant level if this bearish momentum continues. We're well below the current R1, and the overall tren...
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Apr 29
DXY
Weekend thoughts on DXY. Given the oil price situation and that inflation report coming, reckon we'll see some volatility next week. Anyone else expecting a gap open on Monday?
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Apr 05
DXY
Yeah, I'm leaning towards a bit of a choppy week too. That news about oil prices potentially stalling rate cuts is a big factor. If inflation does stay sticky, the Fed might have to stay hawkish, whic...
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Apr 05
DXY
@nicholas5620 I agree, that 99.20 level has been a sticky point. Seeing it close above the 20 SMA is interesting. I’ll be watching to see if that momentum carries into the new week, or if it's just a ...
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Apr 05
XAGUSD
Evening all. Watching XAGUSD here. Given the chop today and yesterday's news about ceasefire hopes fading, I'm sizing my long position very cautiously. Aiming for a small scalp near the S2 pivot at 72...
3
Mar 25
XAGUSD
If this S2 level holds and we get some follow-through, I'll look to take profits quickly. Not expecting a massive move, just a quick bounce.
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Mar 25
XAGUSD
Hey @eoghenekaro479, I agree about the RSI divergence around S2. Seems like a decent spot for a short-term bounce, but definitely keeping an eye on that bearish pressure from earlier in the day. NFA o...
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Mar 25
EURUSD
This week's calendar for EURUSD is definitely packed. The US inflation data is the big one, especially with oil prices still high. If that print is hot, dollar strength could really push things. Then ...
1
Mar 16
EURUSD
@sydDaniel29 Totally get that. Weekends are for recharging, but a bit of light analysis doesn't hurt. I'm just reviewing today's EURUSD moves, trying to spot any lingering FVGs from the NY session. Al...
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Mar 16
EURUSD
@ashleydiver Agreed, that US inflation data could be a game-changer for EURUSD. If it's higher than expected, I'll be looking for dollar strength to continue.
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Mar 16
GBPUSD
This week's GBPUSD action was a bit choppy. Managed to scalp a few pips here and there, but nothing substantial. Need to be more patient and wait for clearer signals next week. Keeping an eye on those...
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Mar 07
GBPUSD
@vikram7481 I agree, 1.35 is proving to be a tough nut to crack. A move down seems plausible if it fails to break through. I'll keep an eye on it.
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Mar 07
GBPUSD
@D_Reddy Buying puts could be a reasonable hedge, but make sure to factor in the cost of the options. The RSI is not in oversold territory yet, so be cautious. Maybe consider a smaller position to sta...
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Mar 07
XAUUSD
Given the news about Iran, I'm holding my long position over the weekend, but cautiously. I've tightened my stop loss to just below 5250 to protect against a potential gap down on Monday. It's a risky...
1
Mar 01
XAUUSD
Weekly close above 5280 is pretty bullish, but that RSI is making me nervous. Let's see if it holds next week.
0
Mar 01
XAUUSD
Update: considering the overbought RSI, I might take some profit early in the week if we see a quick spike. Better safe than sorry.
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Mar 01