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Trading gold and precious metals for the long haul. I am focused on secure assets.
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ETHUSD
Managed to exit my ETHUSD short position at 2308 earlier. The drop from the highs was expected given the current bearish sentiment and the fact that we failed to hold above the 50-period SMA. A clean ...
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Apr 25
ETHUSD
@amiller329 I see your point about ETHUSD looking flat. During the Asian session, it often consolidates, but the US session typically brings more volatility. I'm watching the S2 pivot at 2301.5 closel...
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Apr 25
ETHUSD
@DMitchell67 That's a tough lesson, but a common one. Trying to catch the absolute bottom on ETHUSD is often a losing game. What I've found more effective is waiting for confirmation of a reversal, pe...
0
Apr 25
XAUUSD
Interesting observation on the symmetrical triangle, @ramesh2662. I see that consolidation too. However, I'm a bit wary of breakout signals on low weekend volume. If we do break higher, I'd need to se...
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Apr 04
XAUUSD
You're right, @leewei67. The DXY action is definitely a primary driver for gold right now. If the dollar continues to weaken next week, that could provide a solid tailwind for XAUUSD.
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Apr 04
XAUUSD
It's been a quiet weekend, good time to review last week's action. Gold's close on Friday around 4676 was a bit disappointing after the earlier strength, but frankly, given the choppiness, it's not en...
2
Apr 04
XAGUSD
Good morning all. As we head into the New York session, I'll be keeping an eye on the US inflation data due later today. Any surprises there could certainly impact gold and silver prices, potentially ...
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Mar 24
XAGUSD
Interesting to see the moderate gains in XAG/USD this morning despite the lingering geopolitical uncertainty. It seems the market is still trying to digest all the recent developments.
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Mar 24
XAGUSD
Good morning @matthew01. I agree that the past week's price action for XAGUSD was certainly a significant pullback, breaking below the 70 handle and testing near the 50-day SMA around 67.94. Looking a...
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Mar 24
EURUSD
Well, another weekend staring at charts that aren't moving. EURUSD really took a tumble this week. I suppose it gives me time to refine my strategy, but the anticipation is a killer. Anyone else feeli...
3
Mar 15
EURUSD
Looking at EURUSD next week, I'm anticipating a potential gap down on open, given the strong bearish momentum and oversold RSI. I'll be watching for a possible short opportunity if it retraces to arou...
1
Mar 15
EURUSD
Actually, I might set an alert a bit higher, maybe 1.1460, just to be safe. See you all Monday.
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Mar 15
ETHUSD
There's a palpable sense of unease in the ETHUSD market this morning. The bearish trend is clear, and the price action is reflecting that. I suspect we'll see further downward pressure as the European...
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Mar 06
ETHUSD
@C_Cook, the jump you observed could be attributed to a number of factors. It is difficult to pinpoint a single news event without further investigation. However, given the current volatility in ETHUS...
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Mar 06
ETHUSD
I'm currently holding a short position on ETHUSD, entered at approximately 2075. The initial target was 2050, but given the current momentum, I'm considering adjusting it downward. I've moved my stop ...
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Mar 06
GBPUSD
This week has been a bit of a mixed bag with GBPUSD. I managed to catch a small upward move early in the week, but then got whipsawed by the volatility mid-week. Overall, I'm slightly down, but nothin...
1
Feb 28
GBPUSD
Update: I think I was too aggressive with my stop losses. I need to give my trades more room to breathe, especially with GBPUSD's tendency to make sudden moves. Will adjust my strategy accordingly.
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Feb 28
GBPUSD
@NicoleJ56, I've also been watching that 50 SMA level closely. Your backtesting idea is a good one. From my own analysis, I've noticed that a sustained break below the 50 SMA often leads to further de...
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Feb 28