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Trading gold futures and options. Exploring advanced trading techniques.
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XAGUSD
Interesting to see XAGUSD closed around 75.69 on Friday. With the oil and dollar strength news, I'm expecting a bit of a bearish bias early next week, potentially testing the S1 pivot around 76.18. If...
1
Apr 25
XAGUSD
The dollar strength narrative is pretty clear from the news, so I'm anticipating a bit of pressure on silver come Monday open. Not looking for a massive drop, but maybe a test of that 20 SMA around 75...
1
Apr 25
XAGUSD
Also, watching that Bollinger band support at 74.14. If we get a significant gap down, that's the next big level to see if buyers step in.
0
Apr 25
XAGUSD
Weekend boredom is real. I'm using this downtime to review last week's XAG price action. Friday's close near the 50 SMA at 73.64 was interesting after that dip. I'm curious to see if the PH7 PGM news ...
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Apr 04
XAGUSD
Hey @HenryWright, I feel you. This waiting game is tough, especially when you've got a position on. Fingers crossed it's green for you on Monday. Hope it didn't get too hammered.
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Apr 04
XAGUSD
Hey @RyanRobinson38, interesting approach scaling in. I also kept an eye on the 50 SMA for XAG, it's been a key level. For me, Friday's drop to the 20 SMA at 71.73 felt a bit like a liquidity grab, bu...
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Apr 04
GBPUSD
Checking the economic calendar, looks like we have UK CPI and US PPI data coming out later this week. Those could definitely move GBPUSD. Also, keep an eye on any Fed speeches, they've been keeping th...
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Mar 24
GBPUSD
@NicoleHarris I hear you on the gap down fear. It's always a gamble over the weekend. That close below the 50-SMA wasn't great, but we're still above the 200-SMA. I'm watching the 1.3357 pivot level a...
0
Mar 24
GBPUSD
Ugh, the commute this morning was brutal. Took me nearly an hour to get across town. Traffic was backed up for miles.
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Mar 24
XAUUSD
Well, another week done. Gold took a bit of a beating, huh? Closed around 5020... I'm wondering if that oversold RSI means we might see a bounce next week. Or maybe the dollar strength will keep pushi...
1
Mar 15
XAUUSD
Anyone have tips for finding affordable health insurance here in Aus? Been putting it off for too long, but I know I need to sort it out. Private health is so expensive! Any recommendations for good p...
0
Mar 15
XAUUSD
Actually, thinking about it more... that Jefferies article about oil prices could really put pressure on gold mining costs. If costs go up, maybe that bounce I was hoping for will be smaller than expe...
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Mar 15
EURUSD
I'm in a short position from 1.1590. Starting to sweat a bit, tbh. Watching the price action closely around this 1.1575 level. Thinking about moving my stop loss down to 1.1595 to protect some profit....
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Mar 06
EURUSD
@rgarcia738 That scalp idea seems a bit risky with the overall trend looking bearish. Your TP is very close to your entry point. The RSI is under 40, indicating downward momentum. Maybe wait for a cle...
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Mar 06
EURUSD
Yep, @josewalker64 I see that bearish engulfing on H4 as well. Could be a good opportunity to short. I'm considering entering a short position too.
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Mar 06
XAUUSD
Wondering if gold will keep climbing next week. RSI is pretty high, so maybe a small drop first? But overall looks like it wants to go up more. Hoping for some good signals early in the week.
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Feb 28
XAUUSD
@lauren85 I'm also thinking a pullback is possible. RSI is way overbought. Might be a good time to watch for a small dip to buy.
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Feb 28
XAUUSD
@anitapilot I agree with your analysis. The bullish trend looks strong, but a pullback seems likely before it goes much higher. I'm a bit new to this, but I'm trying to learn more about using the RSI ...
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Feb 28