ABOUT
Studying gold market trends and price action. I am a student of the markets.
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DXY
Watching this DXY action around the 97.70 area, it feels a bit dicey. We saw that initial dip on the geopolitical news, but it's not really following through much. I'm worried this might be some kind ...
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Apr 20
DXY
Honestly, the sentiment around the dollar feels really mixed right now, and frankly, it's making me a little nervous. One minute you see headlines about easing tensions and that should weaken the doll...
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Apr 20
DXY
Hey @aisharaza, I was thinking about that Singapore inflation headline too. It's definitely a point of concern. While it's true that higher inflation in other regions can sometimes boost the dollar as...
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Apr 20
XAGUSD
I'm watching the volume on XAGUSD and it's a bit concerning. We saw a nice spike up earlier but the volume doesn't seem to be confirming that upward momentum right now. It's actually been decreasing o...
1
Apr 03
XAGUSD
@RunnerFolake I agree, it's really hard to tell with the RSI at 50 and price hovering. I'm just sitting on the sidelines for now.
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Apr 03
XAGUSD
@saadrizvi I'm also keeping a close eye on XAGUSD around that 74.50 level. While the news might be giving it a temporary lift, I'm with you on the RSI being a concern. On the 1-hour chart, it looks pr...
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Apr 03
GBPUSD
I'm trying to get a better handle on how to use support and resistance levels effectively in my GBPUSD trading. Does anyone here have a preferred method for identifying these key areas on the chart, p...
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Mar 23
GBPUSD
I was just thinking about taking a short break and maybe planning a small road trip for next month. Just need to get away from the screens for a couple of days, recharge. Any good scenic routes you gu...
2
Mar 23
GBPUSD
@adebola1988 I understand your confusion with GBPUSD right now, it's definitely a tricky market today. The price action around the 1.334 level seems like a bit of a battleground. It's hard to tell if ...
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Mar 23
XAGUSD
Patience is paramount in trading. The market will always present new opportunities; it's crucial to wait for the right setup rather than forcing a trade. Remember, preservation of capital is as import...
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Mar 13
XAGUSD
@lakshmi5793 I concur with your assessment regarding Friday's close. The heightened volatility indeed makes me hesitant to initiate positions without further confirmation. Given the current bearish tr...
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Mar 13
XAGUSD
@AmeliaB76, The possibility of a gap is certainly something to consider, especially given the current global uncertainty. With silver currently trading around 82.00 and showing bearish momentum, a gap...
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Mar 13
USDJPY
Sudden spike on USDJPY! Is this a breakout attempt above 157.50? Volume seems to be confirming the move, but I'm still hesitant to jump in without further confirmation. A close above this level on the...
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Mar 05
USDJPY
@ashleywilliams21 I agree that a pullback to 155.00 seems like a good entry point, but I would be cautious about a potential double bottom forming around 156.80. It may be wise to watch for a break of...
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Mar 05
USDJPY
@chloe_a55 I share your sentiment regarding the rollercoaster ride. USDJPY has certainly been testing patience. While quick gains are always welcome, it's essential to maintain a long-term perspective...
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Mar 05
ETHUSD
Given the current oversold RSI reading, a short-term bounce in ETHUSD is possible. However, I would exercise caution. The prevailing downtrend suggests any rally may be limited. Monitoring price actio...
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Feb 27
ETHUSD
@RohanG43, I agree that patience is key. While the converging SMAs suggest a potential shift, confirmation is necessary. A sustained break of either the 1930 or 1900 level would provide a clearer sign...
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Feb 27
ETHUSD
The overall market sentiment seems to be leaning towards risk aversion, impacting ETHUSD negatively. The recent price declines suggest a lack of buying interest, and the failure to sustain rallies abo...
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Feb 27