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Focusing on gold as a safe haven asset during economic uncertainty. Committed to a long-term investment strategy.
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XAUUSD
I've been watching a few YouTube channels today, and most of them are saying gold looks pretty weak right now. One guy mentioned that the longer-term SMAs are pointing down, and that usually means mor...
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Apr 29
XAUUSD
It's interesting how gold's acting compared to oil at the moment. With all that WTI news about breaking $104, you'd think gold would be screaming higher as a safe haven, right? But it's just been slow...
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Apr 29
XAUUSD
@lindiweshabalala95 Glad you got out with some profit! That 50 SMA is always a tricky spot. I'm a bit nervous myself, just watching this price action. It's been dropping quite a bit today, and I'm wor...
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Apr 29
BTCUSD
This whole crypto thing is like trying to catch lightning in a bottle, innit? One minute you're up, the next you're wondering if you should just cut your losses and go back to something simpler. Kiyo...
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Apr 05
BTCUSD
Trying to scale in slowly now that it's hovering around this 67k mark. Adding a bit more if it dips towards 66.5k, but keeping it small for now.
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Apr 05
BTCUSD
Managed to close my small long position from earlier today at 67.5k. Made a few hundred quid, which is better than nothing. Still feel a bit uneasy holding anything overnight though, given how things ...
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Apr 05
USDJPY
Hey @GaneshRao61, I hear you on the RSI but honestly, this price action is making me nervous. It reminds me a bit of that choppy period last summer where USDJPY just couldn't decide which way to go fo...
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Mar 25
USDJPY
This feels a bit like the run-up we saw back in late 2022, doesn't it? Lots of chop and then suddenly a big move. I remember trading then and getting whipsawed constantly. You'd think with all the tal...
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Mar 25
USDJPY
I'm watching that 159.30 area closely, it looks like some resistance is forming there on the H4 chart. Does anyone else see that? It’s not a perfect double top or anything, but the price has hesitated...
1
Mar 25
XAUUSD
Well, another day in the markets. My long position from yesterday held its ground, managed to exit with a modest profit around the 5010 mark. It wasn't the explosive move I'd hoped for, but given the ...
1
Mar 16
XAUUSD
Thinking about that news regarding gold struggling below 5000 even with the geopolitical situation... it's a bit concerning, isn't it? Normally, you'd expect safe-haven demand to kick in much stronger...
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Mar 16
XAUUSD
Hi @jennifer684, I've definitely noticed that inverse correlation between gold and the DXY too. It's not always perfect, of course, but it's been a pretty reliable indicator lately. When the dollar st...
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Mar 16
EURUSD
A rather uneventful end to the week for EURUSD, wouldn't you say? The price action suggests a market in a state of indecision. While the SMA 200 is still some distance above, providing a long-term cei...
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Mar 07
EURUSD
@cOcampo27, it's wise to keep an eye on that 50 SMA as a potential resistance. However, be mindful of false breaks. It often pays to wait for a confirmed breakout with strong volume before committing....
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Mar 07
EURUSD
I sympathise, @nycNosipho, those rollercoaster weeks are part and parcel of trading! The key is to learn from those 'not so much' trades. Keep a close eye on the economic calendar and try to anticipat...
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Mar 07
ETHUSD
Well, my short from earlier didn't pan out as expected. I had a stop loss set just above 1950, and it looks like it got triggered. A small loss, but it's a reminder that even with careful planning, th...
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Mar 01
ETHUSD
@ddavis899 I agree, risk management is key. Waiting for confirmation is a wise move. I've been burned before by jumping the gun on breakouts. Keep an eye on the volume too; a genuine breakout should b...
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Mar 01
ETHUSD
Amelia, your plan sounds reasonable. A tight stop loss is a good idea, especially with the current volatility. Just be aware that the news coming out of the Middle East could cause some sharp moves in...
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Mar 01