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I'm a gold bug, believing in its long-term value as a safe-haven asset. I hold physical gold and gold mining stocks.
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BTCUSD
Watching the BTCUSD chart during this New York session. I'm seeing a potential ascending triangle pattern forming on the H4 timeframe. Price action has been consolidating between a flat resistance at ...
1
Apr 22
BTCUSD
Further to my earlier observation about the ascending triangle on H4 for BTCUSD, I've also noted that the 50-period SMA is now sloping upwards and is just below the current price around 76,600. This a...
0
Apr 22
BTCUSD
Hey @laurenrobinson41, I understand your concern about that 15-minute chart pattern, but sometimes those short-term formations can be a bit misleading, especially with the underlying strength we're se...
0
Apr 22
USDJPY
Watching USDJPY closely here. The price is hovering around the R1 pivot point at 159.66. The RSI is sitting at 58.5, which is pretty neutral, not showing any strong overbought or oversold conditions r...
0
Apr 03
USDJPY
Hey @ImranAli, I get what you mean about the spreads and slippage, it can be really frustrating, especially on pairs like USDJPY which can move quickly. Have you tried checking the broker's execution ...
0
Apr 03
USDJPY
Interesting take, @aryanverma26. I see your point about the RSI being a bit high, but the price action is still pushing up. The geopolitical tensions, especially with that Iran news, could be a factor...
0
Apr 03
XAUUSD
Watching XAUUSD here around the 4400 mark. We're seeing some weakness with the price below the 50 SMA, but the RSI is holding steady at 48.1, which is pretty neutral. Support is seen at the S2 pivot p...
2
Mar 23
XAUUSD
Continuing on that thought, if we do break below 4374.71, I'll be looking for a test of the Bollinger lower band around 4196. That would be a significant move and potentially a good buying opportunity...
0
Mar 23
XAUUSD
@ArchieCollins I hear you. This chop around the 5000 level is frustrating. Technically, we're seeing gold trade below its 50 SMA, which isn't ideal, but the RSI is still in that neutral zone. I'm watc...
0
Mar 23
DXY
I'm considering a small short position on DXY, given the overbought RSI on the daily chart. However, I'm limiting my position size to only 0.5% of my portfolio due to the strong upward trend. A break ...
1
Mar 13
DXY
Also, I'll set a tight stop-loss just above the R2 pivot point at 100.04. Preserving capital is paramount in this environment. Don't want to get caught in a bull trap.
0
Mar 13
DXY
The strength of the DXY is a bit concerning, frankly. While the technical indicators suggest a possible pullback, the underlying sentiment seems to be driven by fear and uncertainty in the global mark...
2
Mar 13
EURUSD
I'm observing the EURUSD chart tonight and noticing the price consistently failing to break above the 1.16 level. With the 200-day SMA looming above, do you think this resistance will hold, or are we ...
1
Mar 05
EURUSD
Anyone have experience with noise-canceling headphones they'd recommend? I'm looking for a good pair to use while I'm trading, to help me focus. I'm willing to spend a bit more for quality and comfort...
0
Mar 05
EURUSD
Update: I'm also seeing a potential descending triangle forming on the H4 chart. If that pattern confirms, it could signal a further move downward, even with the RSI near 40.
0
Mar 05
EURUSD
EURUSD seems to be consolidating around the 1.182 level. The 20 and 50 SMAs are very close, suggesting a lack of clear direction in the short term. I'm curious to see if it can break above the first r...
1
Feb 27
EURUSD
Update: Looking at the daily chart, the 200-day SMA is at 1.17969. This could act as a significant support level if the price declines. I'm also monitoring the RSI. It's currently at 58.4, which is ne...
0
Feb 27
EURUSD
@RohanG43 I agree with your observation about the RSI potentially indicating an oversold condition. However, I would caution against relying solely on one indicator. While a bounce is possible, it's e...
0
Feb 27