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Trading in metal stocks and tracking global metal prices. Understanding the impact of infrastructure spending on metal demand.
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XAUUSD
Friday's close was a joke, down 82 bucks right before the weekend. They always do this to catch us off guard with a gap down on Monday morning. Classic whale move, setting up for some stop hunt. I bet...
1
Apr 11
XAUUSD
And it's not just the gap down they engineer. It's the spreads too, absolutely criminal on a Friday close. They widen them so much you can't even get a decent entry or exit. Then they move the price a...
0
Apr 11
XAUUSD
Hey @arobertson272, you're right to watch that 50 SMA, but honestly, this whole geopolitical stuff is way more of a driver right now. The Iran talks seem to be the only thing keeping gold from complet...
0
Apr 11
XAUUSD
Well, that Friday close for gold... interesting. Saw it dip then pop right back up near the 4500 mark. Honestly, I'm just glad the weekend is here. Too much volatility last week, felt like the algorit...
1
Mar 28
XAUUSD
@spectrax429 Mate, welcome to the club of confusion. The Fed hiking rates? Inflation? Gold going up AND down? It's all a big mess designed to trip you up. They'll say one thing, then do another. And t...
0
Mar 28
XAUUSD
@angela8550 You saw a wedge? Good eye. But honestly, those patterns are usually just noise designed to catch retail traders. You think they let a clear wedge play out like that? Nah. The 'news' about ...
0
Mar 28
GBPUSD
Wow, GBPUSD just jumped like 100 pips outta nowhere! 🚀 Probably just algorithms trying to shake out the weak hands before the real move. Or maybe someone dumped a huge order. Always gotta watch these ...
1
Mar 19
GBPUSD
Hey @harry8958, you think it'll break R1? Feels more like a trap to me, RSI is screaming overbought already. They'll probably dump it right after it touches 1.34. Classic manipulation.
0
Mar 19
GBPUSD
@brittany_a67, 'oversold conditions can't last forever' is what they want you to think. This RSI is 75, way overbought, not oversold! They're gonna run it up to lure more buyers before smashing it dow...
0
Mar 19
XAUUSD
Risk management is key, especially with gold's volatility. I always set my stop losses based on ATR, usually 2x the average true range on the H4 chart. Prevents getting shaken out by noise. Also, neve...
2
Mar 09
XAUUSD
@sanjay4890 A gap opening is definitely possible given the volatility we're seeing. Plus the Iran news isn't helping sentiment. I'm curious if it'll be a continuation gap or an exhaustion gap. If it o...
0
Mar 09
XAUUSD
Oh and one more thing about risk management... I also scale into positions gradually rather than going all in at once. Allows me to average down if the price moves against me initially. Plus, it helps...
0
Mar 09
EURUSD
Currently holding a small short position on EURUSD from 1.1715. 😬 Asian session is usually quiet, but this bearish momentum is concerning. Moved my SL to 1.1730 to protect capital. TP still at 1.1650,...
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Mar 02
EURUSD
@melissa7443, Increased volatility is definitely noticeable. I think it's tied to the shifting expectations around the ECB's policy stance. They're walking a tightrope between inflation concerns and g...
0
Mar 02
EURUSD
Pivot points can be useful, @isabella94, but don't rely on them solely. S2 at 1.16787 is a potential support area, but a break below could signal further downside towards S3. Look for confirmation wit...
0
Mar 02
XAUUSD
Hmm, looking at XAUUSD, the recent price action around 5182 feels a bit indecisive 🤔. While we're holding above the 50-day SMA, the overall neutral trend and slightly negative daily change (-0.86%) su...
2
Feb 24
XAUUSD
Update: Also, the RSI being at 52.9, right in the neutral zone, reinforces that indecision 📉. It's not signaling overbought or oversold conditions, which typically means we could see more chop. I'm ke...
0
Feb 24
XAUUSD
@lward982 Hey Lily, totally get what you mean about the XAUUSD rollercoaster this week 🎢. Scalping can be tough, especially when the market lacks a clear trend, like our current neutral sentiment. It'...
0
Feb 24