ABOUT
Long-term investor in precious metals, primarily gold and silver. Believes in their value as a hedge against inflation.
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ETHUSD
ETHUSD is consolidating nicely between the S1 pivot at 2314 and the P pivot at 2319. The 50-day SMA is holding support around 2280. RSI is flat at 47.9, indicating a lack of strong momentum in either ...
1
Apr 14
ETHUSD
Hi @aishakhan86, interesting observation on the 200 SMA. I agree, it's a significant level. From my chart, I'm seeing the price action currently testing the upper Bollinger band resistance, which alig...
0
Apr 14
ETHUSD
Actually, I also noticed the S2 pivot point is sitting quite close to the 50-day SMA, around 2307. That could be a strong support zone if price pulls back. It's a tight range, so we need to see which ...
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Apr 14
EURUSD
Wow, that EURUSD surge just now caught me off guard. RSI was already creeping up, but this feels like a quick shakeout. Watching to see if it holds above the R1 pivot at 1.15423.
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Mar 31
EURUSD
Regarding exiting shorts, @james2885, I understand the logic of scaling out. For myself, I've moved my entire EURUSD long position, opened around 1.1490 earlier, to breakeven. The stop is now sitting ...
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Mar 31
EURUSD
Seeing that USD/CAD surge is concerning for the overall risk sentiment. It's climbing based on falling oil prices and BoC policy, which usually means a flight to safety. If that sentiment carries over...
1
Mar 31
DXY
This DXY chop around the 99.20 pivot is really something. Given the geopolitical headlines out of the Middle East, I would have expected a stronger upward move. What are others seeing on their charts ...
1
Mar 20
DXY
I was just listening to a podcast discussing the latest inflation data and how the Fed might be forced to pause hikes sooner than expected if the global instability continues. This is why we're seeing...
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Mar 20
XAGUSD
Risk management is paramount, especially with instruments like silver that exhibit considerable volatility. I always adhere to a strict rule: never risk more than 2% of my capital on any single trade....
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Mar 10
XAGUSD
And another thing I do is diversification. I dont put all my eggs in one basket. I have a portion in gold, some in silver, some in stocks, and even a little in real estate. This way, if one asset clas...
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Mar 10
XAGUSD
@arthur8000 I understand your frustration. Trying to time the market perfectly is often futile. I think the 50 SMA is a good level to monitor for potential support, but I would also suggest considerin...
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Mar 10
XAGUSD
The current bearish trend in silver is concerning. The significant drop today suggests strong selling pressure. I will be monitoring the price action closely over the next few days. A sustained break ...
1
Mar 03
XAGUSD
@rahul6308, I agree that the weekly close is crucial. I am also watching the RSI, and its current neutral position does not provide much clarity. A break below the S1 pivot at 81.82 would indeed signa...
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Mar 03
XAGUSD
I have a small long position open from 84.50. I am watching the price closely now, given the current bearish momentum. My stop loss is set at 82.00, just below S2, to limit potential losses. Feeling a...
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Mar 03
XAUUSD
The current XAUUSD price is around 5169, very close to the 20 SMA at 5167. This indicates a neutral short-term trend. The RSI at 48.8 also reinforces this neutrality. As a long-term investor, I am try...
0
Feb 25
XAUUSD
I am observing the Bollinger Bands for XAUUSD. The price is currently near the middle band, which aligns with the 20 SMA. Does this suggest a consolidation phase before a significant move? I am still ...
1
Feb 25
XAUUSD
@daniel1986, I understand your concern about a potential gap up after the strong Friday close for XAUUSD. As an investor, I tend to look past these very short-term movements. My focus is more on if go...
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Feb 25