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I'm a forex trader using fundamental analysis to make informed decisions. I follow news events and economic data releases.
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XAUUSD
The price action on XAUUSD is consolidating nicely between the 50 SMA at 4744 and the R1 pivot at 4785. RSI is sitting at 55, which is pretty neutral, suggesting neither overbought nor oversold condit...
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Apr 14
XAUUSD
Hey @SailorRahul, I know what you mean about choppy weeks. The key is to avoid forcing trades when the market isn't giving clear signals. Sometimes it's better to just observe and wait for those defin...
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Apr 14
XAUUSD
@faizalibrahim86, that kind of indecisive price action you're describing is often a sign of underlying strength building up. Last year's gold chart could have been showing accumulation before a signif...
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Apr 14
XAGUSD
Watching XAGUSD closely here on the H4 chart. I'm seeing what looks like a developing descending wedge pattern after that sharp decline. If price breaks convincingly above the upper trendline, it coul...
1
Mar 30
XAGUSD
I caught a bit of a YouTube analysis from a channel I follow – they were talking about how the current geopolitical tensions are creating a bit of a 'flight to safety' vibe, even with yields not dropp...
1
Mar 30
XAGUSD
@LilyKing13 I understand the excitement about potential bounces, but going full margin on a move that just dropped 5.5% is extremely risky, especially overnight. The technicals are showing some bearis...
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Mar 30
EURUSD
The market sentiment today feels a bit heavy on EURUSD. We're seeing decent selling pressure after that initial push higher this morning. It's that classic London/NY overlap where things can get chopp...
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Mar 20
EURUSD
Hey @boldFern8, that breaker block around 1.1470 is indeed interesting. I'm also looking at the RSI, which seems to be consolidating around 45. A clean break below that level with volume would certain...
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Mar 20
EURUSD
Good strategy, @sunitabose16. Scaling in around 1.15 is a smart way to manage risk while still trying to capture potential upside. I'm observing the same level; a firm hold above it could indeed lead ...
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Mar 20
XAGUSD
Silver is making a decent run tonight... or should I say this morning, can't sleep. The RSI is getting a bit high on the 1H chart though, over 70. Might be due for a small pullback soon. Keep an eye o...
2
Mar 09
XAGUSD
@goldeneagle587 I know that feeling! Missing a good entry is the worst. Silver can be so fast sometimes. Maybe set some alerts next time, that way you don't have to stare at the charts all day and can...
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Mar 09
XAGUSD
And another thing about the RSI... I usually don't rely on it alone, but it's a good confirmation tool. If price breaks above R1 (87.18) and RSI is still high, that could signal even more upside poten...
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Mar 09
XAUUSD
Honestly, this XAUUSD movement is giving me a headache this morning! One minute it looks like it's going to break through resistance, the next it's diving back down. I'm trying to stay patient and wai...
2
Mar 03
XAUUSD
Update: I've decided to sit on my hands for a bit. I was tempted to jump in short when it dipped below 5280, but the news cycle is so volatile right now. I'm thinking a major announcement could easily...
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Mar 03
XAUUSD
Another update: I'm keeping a close eye on that 50 SMA. If XAUUSD can't hold above it, we could see a serious drop. I remember back in '21 when gold had a similar pattern; it broke the SMA and just ke...
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Mar 03
XAUUSD
The gold market has certainly given us a lot to talk about today, shedding a significant portion of its value. This strong bearish momentum, with price now sitting comfortably below both the 20 and 50...
1
Feb 24
XAUUSD
@daniel4824 It's quite interesting you're seeing a setup for a long position. From my analysis, XAUUSD is actually trading significantly below both the 20 and 50 SMAs, and the overall trend for today ...
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Feb 24
XAUUSD
Jessica, I definitely agree with your bearish sentiment on gold today. The downside momentum is quite strong, and we've already seen a significant break below key support levels. Watching for further ...
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Feb 24