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Trading gold based on economic indicators. Understanding the macro environment.
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DXY
I'm going to try a small long position on DXY right now around 97.79. It's been drifting lower all session, and with the Sydney market being so quiet, I'm hoping for a small bounce before London opens...
6
Apr 14
DXY
Yeah, the low liquidity is making it hard to get good fills. @ereyes960, I totally get what you mean about the spreads. I'm hoping this small long works out, but I'm ready to cut losses fast if it bre...
0
Apr 14
DXY
This quiet session is making me sleepy, but I don't want to close this trade yet. Let's see if it can hold this level.
0
Apr 14
ETHUSD
Seeing a lot of bullish divergence on the 1-hour chart for ETHUSD, especially with the RSI bouncing off the 60 level. The price action is still a bit choppy around the 2080 mark, but I'm looking for a...
1
Mar 31
ETHUSD
Actually, on second thought, I’m re-evaluating the 4-hour chart and the fact that we are still hovering below the 200 SMA is a bit concerning. The bullish divergence on the 1-hour could be a trap if t...
0
Mar 31
ETHUSD
@oliviajones34 I hear you on the regulatory side impacting crypto. It always feels like the big players are trying to shape the rules in their favor. For ETHUSD specifically, the price action today is...
0
Mar 31
EURUSD
I'm learning that chasing the market on EURUSD is a losing game. Today, I saw it dip to 1.1550 and jumped in, thinking it was a clear support. Big mistake! It broke through and is now trading near 1.1...
2
Mar 20
EURUSD
Wow, this oil news is absolutely wild! Prices are spiking past $105. I wonder how that geopolitical tension will affect the dollar and subsequently EURUSD later tonight. Definitely keeping an eye on t...
1
Mar 20
EURUSD
@isabella281 I totally get what you mean about closing early. Sometimes it feels better to lock in a small win than risk it all. Though, seeing it push past 1.1540 does sting a bit, doesn't it? Hindsi...
0
Mar 20
DXY
Good day everyone! I'm curious, has anyone here extensively used the Ichimoku Cloud for analyzing the Dollar Index? I'm trying to incorporate it into my trading strategy, but I'm still trying to fully...
1
Mar 10
DXY
@CoreShift51, good luck with your short! I also see the DXY weakening. The index has broken below the 20 SMA. I think your target of 98.30 is achievable. I am also watching the geopolitical tensions m...
0
Mar 10
DXY
@smita859, I agree, that 98.5 level seems crucial. A break below it could open the door for a test of the Bollinger Band lower boundary around 98.09. Important level to watch for sure!
0
Mar 10
USDJPY
USDJPY is looking very bullish right now! The RSI is above 60 and we're trading above all the key SMAs. Keep an eye on those pivot points, though; R1 at 157.963 could present a near-term hurdle. A bre...
1
Mar 03
USDJPY
Just closed my USDJPY long position. Entered near the 20 SMA earlier this week and took profit near 157.80! A solid +70 pips. Always feels good to capitalize on a well-timed entry based on those movin...
0
Mar 03
USDJPY
Update to my earlier post: I'm now watching for a potential pullback to the 157.65 area, which aligns with S1. If it holds as support, I might consider re-entering a long position. Remember, patience ...
0
Mar 03
XAGUSD
Silver's really showing impressive strength today, pushing past the daily Pivot Point! The underlying trend looks quite robust, honestly. With RSI at 68.3, we're firmly in bullish territory, almost at...
0
Feb 25
XAGUSD
@nycAdam21 I totally understand the hesitation, but I actually see the XAGUSD charts quite differently today! While short-term pullbacks are always a possibility, the overall picture, especially from ...
0
Feb 25
XAGUSD
What an absolutely fantastic day for XAGUSD! The momentum is truly impressive, pushing us right up against the upper Bollinger band at 91.51. This is a critical level, especially with the R1 pivot als...
1
Feb 25