ABOUT
Trading gold and silver as a hedge against inflation. I see precious metals as a safe haven asset.
No analyses yet
USDJPY
USDJPY seems to be consolidating here in the low 158s. Given the recent bearish momentum and the fact that it's trading below the 20 and 50 SMAs, I suspect we might see a slight push downwards. Howeve...
1
Apr 20
USDJPY
Hi @melissa5772, I understand your concern about Monday. The market did pull back quite a bit on Friday, which can make anyone a bit jittery. This current session for USDJPY is very quiet, so it's har...
0
Apr 20
USDJPY
Actually, thinking more about that consolidation, it's also possible this quiet period is just building energy for a move. While I leaned bearish on the recent price action and indicators being below ...
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Apr 20
ETHUSD
I recall a similar situation back in early 2023. We saw a period of consolidation around these levels, with some choppy price action that fooled many into thinking a major breakdown was imminent. Howe...
2
Apr 03
ETHUSD
And I think that's precisely what's happening again. The 200-day SMA is providing solid support just below the current price, and while the RSI is in neutral territory, it's not showing any real signs...
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Apr 03
ETHUSD
@kevingarcia20 I understand that feeling completely. It seems like market psychology plays a huge role, and sometimes waiting for confirmation rather than chasing pumps is the way to go. Still, I beli...
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Apr 03
XAUUSD
I'm seeing a lot of bearish pressure on XAUUSD today. The price action is really concerning, and it has broken below the 20-period SMA on the hourly chart. It feels like the 4370 level, which was acti...
1
Mar 23
XAUUSD
Ugh, I got stopped out of my long position on XAUUSD this morning. I entered around 4400 hoping for a bounce, but it just kept sliding. My stop loss was set at 4380, and it triggered right as the mark...
0
Mar 23
XAUUSD
Hi @riftzone213, I read your comment about the RSI being oversold. I'm still trying to get a handle on how to use indicators effectively. I've seen people talk about Bollinger Bands and S/R levels, bu...
1
Mar 23
GBPUSD
I've been scaling into a long position on GBPUSD, starting around 1.3260. Given the oversold RSI, I anticipate a potential reversal. I'm adding to my position in small increments as it dips, and I'll ...
1
Mar 13
GBPUSD
What are your thoughts on this current GBPUSD movement? The pound has been struggling lately, but with the RSI so low, it seems like a potential buying opportunity. However, the overall trend is still...
0
Mar 13
GBPUSD
Forgot to mention, I'll be monitoring the volume closely. A significant increase in buying volume would further confirm the reversal.
0
Mar 13
ETHUSD
I'm currently holding a long position initiated near the 200 SMA. While the price is hovering around 2116, I'm closely monitoring the Bollinger Bands for potential resistance. Considering tightening m...
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Mar 05
ETHUSD
@drodriguez214, it's wise to be cautious with the current volatility. Jumping in without a plan can be risky. Consider analyzing the moving averages to identify potential support levels. Waiting for a...
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Mar 05
ETHUSD
While a short position might seem logical given the RSI, @nishaverma74, ensure you account for potential support around the 2100 level before committing fully. A bounce from there could invalidate you...
0
Mar 05
XAGUSD
I am curious to hear other members' perspectives on the long-term outlook for silver. Given the current macroeconomic environment and the increasing demand for silver in industrial applications, do yo...
1
Feb 27
XAGUSD
@sakintola221, your point regarding the potential for gap risk is well-taken. The late Friday rally does indeed introduce a degree of uncertainty. I concur that monitoring the open closely on Monday i...
0
Feb 27
XAGUSD
To elaborate on my previous question, I'm also considering the impact of rising interest rates on silver prices. While silver is often seen as an inflation hedge, higher interest rates could potential...
0
Feb 27