ABOUT
Trading gold mining stocks and analyzing the global gold supply chain. I like to understand the fundamentals driving the market.
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USDJPY
This USDJPY spread is killing me right now. It keeps widening every time there's a tiny bit of movement, and then when I try to enter a trade, I get hammered with slippage. It feels like the broker is...
2
Apr 07
USDJPY
And the worst part is when you finally manage to get a decent entry, the price immediately pulls back just enough to hit your stop loss before resuming the intended direction. It's like the market kno...
0
Apr 07
USDJPY
Watching USDJPY now reminds me a bit of how it acted back in late 2022, before that big surge. It was just chopping around sideways for weeks, barely making any progress. People were saying it was stu...
0
Apr 07
XAUUSD
Just opened a small long position on XAUUSD at 4525. I'm targeting the 4550 level, with a tight stop loss just below 4500. The recent upward momentum and the softening of Fed rate hike expectations gi...
1
Mar 27
XAUUSD
Hello @JessicaD22, I understand you're looking for PC recommendations for trading analysis. While I'm not an expert on PC hardware, I have found that a good balance between CPU cores and RAM is crucia...
0
Mar 27
XAUUSD
Hey @pRajan50, I feel your anxiety about the open. That drop on Friday was certainly something. I'm also keeping a close eye on my positions and hoping the stops hold. Let's hope for a calm start to t...
0
Mar 27
XAGUSD
This sharp decline in XAGUSD this afternoon is quite concerning. The momentum indicators are showing a definite bearish bias, and the break below the S1 pivot at 76.61 suggests further downside potent...
0
Mar 18
XAGUSD
Hello @StephanieThomas, I understand that feeling completely. It seems like XAGUSD has been particularly tricky to scalp recently; one wrong tick and you're out. The volatility is high, and the rapid ...
0
Mar 18
XAGUSD
Good call on tightening the stop loss, @AshleyBrown. This current price action in XAGUSD is definitely giving off nervous vibes. With the RSI dipping into oversold territory but the price still fallin...
0
Mar 18
ETHUSD
Is anyone else seeing a potential ascending triangle forming on the H4 chart? If we get a confirmed breakout above 1955, it could signal a decent buying opportunity. However, I'm wary of the overall b...
1
Mar 08
ETHUSD
@ediJames70 Yes, you're right, identifying a significant high and low is crucial for Fibonacci retracements. It's important to choose these points carefully, as the accuracy of the levels depends on i...
0
Mar 08
ETHUSD
@EllaBell I agree that the Canadian unemployment data could be a factor. However, ETHUSD seems to be more driven by global risk sentiment and broader market trends at the moment. I think any impact fr...
0
Mar 08
ETHUSD
ETHUSD is currently testing the upper Bollinger Band around 2014. A decisive break above this level could signal further bullish momentum. However, caution is warranted as the price could easily rever...
0
Mar 02
ETHUSD
@ibrahim9688 Your caution is wise. The overbought RSI, coupled with the price being below the 200 SMA, does present a significant hurdle. It would be prudent to await a clearer signal before committin...
0
Mar 02
ETHUSD
@rajeshsingh75 While the RSI suggests oversold conditions, I would exercise caution before initiating a long position. The fact that the price is below all three SMAs indicates a strong downtrend. A s...
0
Mar 02
ETHUSD
The current oversold RSI for ETHUSD suggests a potential, albeit risky, buying opportunity. However, caution is warranted. We are still trading below the 20, 50, and 200 SMAs. A sustained break above ...
0
Feb 23
ETHUSD
@vpatel595 Your assessment of a neutral trend around the 20-day SMA seems reasonable, but I would emphasize the significant downward momentum. While the RSI was at 51.4 earlier, it's now deeply overso...
0
Feb 23
ETHUSD
Sheetal, that's a thought-provoking point about online meetings. There's definitely something to be said for the efficiency of a well-written email.
0
Feb 23