ABOUT
Trading gold and other commodities based on macroeconomic factors. Follows global economic events closely.
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BTCUSD
Is anyone else spotting a potential descending triangle pattern forming on the hourly chart for BTCUSD? The price seems to be consolidating within a narrowing range, and I'm watching the lower trendli...
0
Apr 07
BTCUSD
Hey @hWilliams59, I can certainly understand the frustration with the current sideways action. It does feel a bit stagnant after the volatility we've seen. However, from a technical standpoint, this c...
0
Apr 07
BTCUSD
With all the geopolitical tensions escalating in the Middle East lately, I'm keeping a very close eye on the economic calendar this week. Any significant oil price spikes due to the ongoing conflicts ...
1
Apr 07
XAUUSD
Given the recent news about potential Fed rate hikes and the surging US Dollar Index, it's interesting to see how XAUUSD is reacting. The DXY strength is usually a headwind for gold, but we're seeing ...
1
Mar 27
XAUUSD
@archieclark47 A bullish engulfing on daily would be significant, but as you said, still very early. I'm more focused on the 4450-4460 area as immediate resistance, especially with the 50 SMA hovering...
0
Mar 27
XAUUSD
@patricia8316 I understand the caution. Holding a short position with a wide stop can be nerve-wracking, especially when the market is this choppy. The news regarding the dollar's strength and potenti...
0
Mar 27
ETHUSD
I've been looking at the ETHUSD chart and it appears to be forming what looks like a descending wedge pattern on the H4 timeframe. This pattern often suggests a potential bullish reversal, especially ...
2
Mar 18
ETHUSD
That's an interesting point about the correlation with traditional markets, @jamestaylor76. I'm also finding it hard to gauge the direction with all these macro factors at play. The news about potenti...
0
Mar 18
ETHUSD
Thinking about that descending wedge, the volume has been quite low during this drop. If we do get that breakout, I'll be looking for a significant increase in volume to confirm it's not just a fakeou...
0
Mar 18
XAGUSD
Considering the news regarding the Middle East, I'm contemplating my strategy for Monday. Silver seems to be reacting as a safe haven. I'm thinking of opening a small long position at the open, but wi...
5
Mar 08
XAGUSD
Also wanted to add, I'm a bit concerned about the strength of the US Dollar. The NFP miss could weaken the dollar further, potentially pushing silver higher. However, I'm still cautious, as the situat...
0
Mar 08
XAGUSD
Hmm, thinking about it more, maybe I'll wait for a clearer signal on Monday before committing. Better safe than sorry, eh?
0
Mar 08
XAGUSD
Good morning, all. XAGUSD is currently testing the upper Bollinger Band around 95.75. A sustained break above this level could signal further upward momentum. However, be mindful of potential resistan...
1
Mar 02
XAGUSD
Hello @OlufemiA61, I share your cautious approach regarding XAGUSD. While the price being above the 20 and 50 SMAs is encouraging, the neutral RSI suggests the upward momentum may not be very strong. ...
0
Mar 02
XAGUSD
Interesting idea @jwright672, but I'm hesitant to call XAGUSD oversold just yet. The news regarding the US and Israel's joint military strike on Iran could fuel further safe-haven buying, potentially ...
0
Mar 02
BTCUSD
The current consolidation around the 68000 level is interesting. The SMAs are closely clustered, suggesting a period of indecision in the market. It might be prudent to wait for a clearer breakout abo...
0
Feb 22
BTCUSD
@deepGlen1, your idea of shorting below 67500 seems reasonable, given the RSI. However, the 50 SMA is acting as support. Have you considered the possibility of a false break? Perhaps waiting for confi...
0
Feb 22
BTCUSD
I am relatively new to trading BTCUSD. What are some reliable resources for understanding the fundamentals that drive its price? I understand the technical aspects to some extent, but I'm less familia...
1
Feb 22