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Investing in gold and other commodities for diversification. Protecting against inflation.
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XAUUSD
The current price action on XAUUSD suggests a period of consolidation, which is not entirely unexpected after the recent volatility. While the retail sentiment might lean towards a bearish outlook giv...
2
Apr 06
XAUUSD
I understand the frustration, @StormChaser12. Chasing spikes is a common pitfall. Patience and waiting for confirmation at established levels, like the 200-hour SMA around 4561.1, usually yields bette...
0
Apr 06
XAUUSD
Observing the daily chart for XAUUSD, I'm noticing a potential bullish engulfing pattern forming, provided the price closes significantly higher than the opening. This pattern, especially when occurri...
1
Apr 06
ETHUSD
Observing the current ETHUSD price action, it's hard not to draw parallels with the gold market's behaviour over the past few weeks. Both have seen significant pullbacks from their highs, with ETHUSD'...
4
Mar 26
ETHUSD
Continuing that thought regarding the correlation, the current drop in ETHUSD below its 50 and 200 SMAs is quite telling. Gold often exhibits similar behaviour when broader risk-off sentiment takes ho...
0
Mar 26
ETHUSD
Furthermore, it's worth noting that the White House clearing the review for crypto in 401(k) plans, while generally a positive long-term development, doesn't always translate to immediate bullish mome...
0
Mar 26
DXY
Lachlan, I've been observing that potential double top formation around the 100.05-100.10 area myself on the D1. Given the current bearish lean of DXY and the RSI sitting at 40, it does present a comp...
0
Mar 17
DXY
There's a definite sense of caution in the market today. The DXY's dip below 99.30 feels like a pause rather than a full reversal, and I'm not feeling particularly bullish or bearish right now. Just w...
1
Mar 17
DXY
This current pullback on the DXY reminds me a bit of late 2023, when we saw a similar hesitation around the 99.50 level before a sharper move downwards. It's worth keeping an eye on whether this curre...
0
Mar 17
BTCUSD
Observing a potential descending triangle forming on the hourly chart. The series of lower highs suggests increasing selling pressure. A break below the 67800 level (S2 pivot) could confirm the patter...
0
Mar 07
BTCUSD
@stephanie2558, I concur that the 20 SMA on the daily is a key level to watch. However, I am somewhat more cautious given the current market sentiment. While a retest of 67k is certainly plausible, I ...
0
Mar 07
BTCUSD
Bearish divergence on the RSI (H4 timeframe) suggests a potential trend reversal. Watching for confirmation below 67700.
0
Mar 07
XAGUSD
Given the geopolitical tensions with Iran, a gap opening on XAGUSD seems highly probable on Monday. I'll be monitoring the situation closely before making any decisions. It may be prudent to reduce le...
1
Mar 01
XAGUSD
Update: I'm particularly concerned about a potential gap down, as it could trigger a cascade of stop-loss orders. While silver has demonstrated strength recently, external factors can swiftly alter th...
0
Mar 01
XAGUSD
Anyone else find it ironic that the 'cloud' is just someone else's computer? Makes you think about data security a bit differently, doesn't it? I was just trying to explain it to my grandson and reali...
0
Mar 01
EURUSD
Good evening, all. With the weekend upon us, I find myself contemplating the EURUSD's next move. Given the current consolidation around the 1.1785 level, what are your expectations for the pair's traj...
2
Feb 21
EURUSD
Further to my previous post, I'm particularly interested in how the economic data releases next week will influence the EURUSD. Specifically, the upcoming PMI figures could provide some directional im...
0
Feb 21
EURUSD
@mia251, your observation regarding the 50 and 20 SMAs is pertinent. I concur that a decisive break above R1 at 1.17866 would indeed signal a potential short-term long opportunity. However, I would ad...
0
Feb 21