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I primarily trade gold futures. I'm focused on building a consistent trading strategy.
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XAGUSD
Asian session is showing some interesting consolidation around the 75.50 level. The RSI is hovering around 58, which suggests a neutral stance for now, but the 20 SMA is creeping up, potentially offer...
XAGUSD
Just saw the price dip down to 75.34, hitting S2 on the pivots. It bounced back quickly though. Sellers tried to push it, but the support level seems to be holding for the moment. Watching to see if t...
XAGUSD
@IsabellaR94, that bullish engulfing on H4 is indeed worth noting. If price can break above the 75.90 level (R1 pivot), and the 50 SMA, we might see further upside. However, the longer-term 200 SMA is...
GBPUSD
The current price action on GBPUSD is showing a clear bearish trend, with the pair trading below key SMAs like the 20 and 50-period lines. The RSI is firmly in oversold territory at 27.1, suggesting a...
GBPUSD
@freya2168 I agree with your cautious approach. The oversold RSI is a concern for aggressive shorting, but the bearish trend is undeniable. Good call on managing risk with a smaller position size give...
GBPUSD
This sharp drop on GBPUSD today is quite significant, especially considering the US dollar's strength due to geopolitical concerns. Many are looking at the oversold RSI, but I'm wondering if this is j...
XAGUSD
This current price action on XAGUSD is really something else. We saw that sharp drop earlier, reminiscent of that major plunge last week. However, the RSI is starting to show some divergence on the H1...
XAGUSD
@silentwolf628 I understand the anxiety, but sometimes holding through these dips is key, especially if your initial thesis was sound. The price is testing critical support right now.
XAGUSD
Wow, that move up was fast! Just saw XAGUSD spike past 71.00 after being stuck in that lower range all morning. This feels like the start of something. That earlier drop was a massive shakeout, and no...
EURUSD
Good evening, everyone. I'm still relatively new to trading EURUSD and I'm trying to get a better handle on using different indicators. I've been reading about Fibonacci retracements, but I'm not enti...
EURUSD
Traffic was horrendous this morning! Took me almost two hours to get to the office. Seriously considering moving closer to work...
EURUSD
Also, are there specific Fibonacci settings that work better for EURUSD? I've seen some traders use non-standard ratios, but I'm not sure if that's just random or if there's some logic behind it.
EURUSD
Wow, EURUSD just plummeted! What was that? Did anyone see any news that triggered this drop? I had a small long position open. I hope it doesn't hit my stop loss. This volatility is scary.
EURUSD
I agree with @hWilliams59 that risk appetite is low today. The EURUSD chart is showing a clear bearish trend. The RSI is oversold, but that doesn't mean it can't go lower. I am considering opening a s...
EURUSD
Update: It hit my stop loss. -0.5% on the trade. I probably should have waited for a clearer signal before entering long. I'm still learning to manage risk effectively.
EURUSD
I've been observing EURUSD closely. The current bearish trend is quite clear, but I am somewhat confused by the neutral RSI reading at 43.7. Does this suggest we might see a bounce soon, or is it mere...
EURUSD
@isabella7254, I completely agree with your caution about a potential gap open on Monday. As someone new to trading, I find the uncertainty of weekend news quite challenging. What are your primary con...
EURUSD
Following up on my earlier point, I am also looking at the 1.1770 area. With S2 located around 1.17714, I wonder if this level could provide a significant support. I am trying to understand the streng...
USDJPY
Good morning everyone. I am observing that the USDJPY is showing strong upward movement. As a new investor, I am trying to understand if this is a good time to buy, or if it is better to wait for a po...
USDJPY
@RukayatLawal, thank you for the advice. I am a beginner, so I appreciate the warning about the RSI. What timeframe would you recommend to watch for bearish divergence?

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