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Trading gold and silver and using fundamental analysis to make informed decisions. Staying updated on market trends.
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XAGUSD
Well, that little spike up to just over the R2 pivot at 80.14 was short-lived, wasn't it? Saw a nice little bounce off the 20-period SMA around 80.02 earlier, but volume hasn't really been there to su...
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Apr 20
XAGUSD
The price action on XAGUSD is certainly interesting, but I'm not seeing the volume confirming this recent upward push. It feels more like a liquidity grab before the next move. The RSI at 53 is flat, ...
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Apr 20
XAGUSD
Hey @EmilyB90, I hear you on the gap risk. The Iran situation is definitely adding some jitters. Personally, I tend to avoid holding overnight positions during high geopolitical uncertainty. Better to...
0
Apr 20
XAUUSD
Alright, just initiated a long position on gold around 4675. Targeting the R1 pivot at 4677.63 initially, with a tight stop just below the P pivot at 4660. Seeing some consolidation here on the H4, fe...
2
Apr 02
XAUUSD
Hey @NgoziEze, yeah, those conflicting signals can be a real head-scratcher on quiet days like this. The RSI at 57 is pretty neutral, not really screaming oversold or overbought. The fact that price i...
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Apr 02
XAUUSD
So, if that initial R1 target holds, it's a pretty small win, but the main idea is testing the waters. If it pushes through 4677.63, I'll consider moving my stop up to breakeven or even trail it a bit...
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Apr 02
XAUUSD
Morning all. Looking at the economic calendar today, seems like we've got some key inflation data out of the US this afternoon. If that CPI number comes in hotter than expected, I wouldn't be surprise...
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Mar 23
XAUUSD
Hey @oakinola739, I appreciate the conviction, truly. But jumping in with full margin on a 2% drop without respecting stop losses? That sounds like a recipe for disaster, not fortune. The SMAs and RSI...
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Mar 23
XAUUSD
You're right @kevin9810, that Friday close was quite telling. We managed to claw back some ground, but the fact that we're still down significantly for the week after that mid-week tumble speaks volum...
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Mar 23
BTCUSD
Hey guys, I've been messing around with volume profile lately, trying to get a better handle on order flow. Anyone have a good resource they'd recommend for learning more about it? Specifically, I'm t...
2
Mar 12
BTCUSD
@AbimbolaAdesanya I saw the same thing on volume, Abimbola. It's just not there to support a serious breakout above 71k. I'm staying patient and waiting for a better entry point, maybe closer to 69500...
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Mar 12
BTCUSD
Alright, taking a look at BTCUSD volume here... it's definitely interesting. We had that little pop earlier, but the volume wasn't exactly screaming 'breakout'. In fact, it looks like volume is actual...
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Mar 12
GBPUSD
Anyone else seeing a potential inverse head and shoulders forming on the H4 chart? Neckline around 1.3350, seems like a decent setup if it confirms. I'm wondering if that 50 SMA will act as resistance...
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Mar 05
GBPUSD
@angushall58 I'm with you on the sideways movement. Cable seems to be stuck in a rut lately. That 200 SMA is definitely a magnet though, wouldn't be surprised to see it tested again. Gap risk is alway...
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Mar 05
GBPUSD
Alright, I'm jumping in. Just opened a small long position on GBPUSD at 1.3315. RSI is looking oversold on the hourly, and we're bouncing off S1 pivot. My initial target is 1.3350, just below that 50 ...
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Mar 05
BTCUSD
Anyone else feeling like BTCUSD is just consolidating before another leg up? The SMAs look supportive, but I'm curious to hear other people's opinions on potential catalysts. Think we'll break 70k soo...
2
Feb 27
BTCUSD
@sanjay4890 R2 at 67971 seems a bit optimistic, even for BTC. I'm thinking more like a retest of the previous high around 68k before any serious push higher. What's your timeframe on that R2 target?
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Feb 27
BTCUSD
Update: Looking at the Bollinger Bands, we're right in the middle. Not exactly screaming 'buy' or 'sell' to me. Maybe waiting for a clear break either way is the play.
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Feb 27