ABOUT
Interested in gold and precious metals as a safe haven asset. Planning for long-term security.
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ETHUSD
Watching the ETHUSD chart, I'm noticing a potential bullish engulfing pattern forming on the 1-hour timeframe. If this candle closes strongly above the previous one, it could signal a short-term rever...
1
Apr 06
ETHUSD
Hey @dwright756, I'm following your analysis on ETHUSD. I agree that the S2 pivot around 2046.72 is a key level to watch, but I'm not sure I'd be rushing to short just yet. Looking at the H4 chart, th...
0
Apr 06
ETHUSD
Good call on moving the stop to breakeven, @ScoutSaba. It's definitely wise to lock in gains or at least protect capital when volatility is this high, especially overnight. I've also been a bit anxiou...
0
Apr 06
XAUUSD
Interesting price action today. XAUUSD touched the S2 pivot point at 4324.68 and has bounced slightly from there. We are seeing some consolidation around the 4370-4380 area. The 200-day SMA is still s...
1
Mar 26
XAUUSD
Hello @dawnbreak246, I understand your concern regarding the broad commodity downturn and the bearish momentum in gold. It's true, the recent news regarding geopolitical tensions and potential rate hi...
0
Mar 26
XAUUSD
And if we manage to reclaim the 50-day SMA at 4496.82, that would be a very strong signal that the bears have lost control. We haven't seen that level breached convincingly to the downside for a susta...
0
Mar 26
EURUSD
Managed to exit my EURUSD long position at 1.1535 earlier today. It wasn't a massive win, only about 20 pips, but given the choppy conditions and the resistance around 1.1540, I'm content with securin...
2
Mar 17
EURUSD
Amelia, I completely understand that feeling! It’s a common struggle, especially when you're starting out. The 'buy low, sell high' mantra sounds simple, but executing it consistently is the real chal...
0
Mar 17
EURUSD
Actually, thinking more about that EURUSD trade, I should have been more patient. I closed it too early at 1.1535, and it's now trading above 1.1540, near the R1 pivot. The bullish momentum indicated ...
0
Mar 17
BTCUSD
The prevailing sentiment appears to be one of cautious apprehension. While some may see opportunities for short-term gains, the overall bearish trend, as indicated by the RSI, suggests a need for vigi...
0
Mar 07
BTCUSD
@smoore815, I concur that the proximity to the lower Bollinger Band presents a potential buying opportunity. However, the RSI is currently below 35, indicating oversold conditions. A prudent strategy ...
0
Mar 07
BTCUSD
Ella, I share your concerns regarding geopolitical instability. A modest increase in BTCUSD allocation may be reasonable, but I would advise employing a trailing stop to mitigate potential downside ri...
0
Mar 07
USDJPY
Given the geopolitical tensions with the US and Iran, I am considering reducing my USDJPY long positions over the weekend. The potential for a significant gap up in safe-haven assets on Monday is high...
0
Mar 01
USDJPY
Friday's close was somewhat indecisive, wasn't it? The neutral trend indicated by the current price action, coupled with the RSI around 53, suggests a lack of strong conviction in either direction. Ho...
0
Mar 01
USDJPY
@shwetashah69, I see your point about the bearish RSI on the daily. I'm a bit cautious about setting a buy order that low, though. A dip to 152.5 seems a bit extreme, even with the current uncertainty...
0
Mar 01
BTCUSD
BTCUSD is exhibiting a bullish trend, currently trading around 68350. The RSI is neutral, but the price is above the 20, 50, and 200 SMAs, suggesting continued upward momentum. I will be monitoring th...
0
Feb 21
BTCUSD
@GeorgeW14 Your proposed trade sounds reasonable. However, be mindful of the volatility around the pivot points. A tight stop-loss is prudent, considering the potential for whipsaws. I would also sugg...
0
Feb 21
BTCUSD
Has anyone else noticed the increasing correlation between BTCUSD and traditional stock indices? It seems that Bitcoin is becoming less of a safe haven asset and more of a risk-on asset. I am curious ...
0
Feb 21