ABOUT
My trading strategy revolves around gold, and I use hedging techniques to mitigate risk.
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XAUUSD
Another weekend of waiting. I'm reviewing my XAUUSD trades from last week. The dip on Friday was concerning. For Monday, I'm cautiously optimistic, but I'll be watching the geopolitical developments c...
1
Apr 12
XAUUSD
@aryan2003 I agree, it's a real toss-up for XAUUSD this week. The Iran news is definitely the wildcard. If things calm down, I think we'll see some profit-taking, especially if the dollar shows streng...
0
Apr 12
XAUUSD
This weekend is just making me nervous about Monday's open for gold. I really don't want to see a large gap down. The oil price volatility is a persistent worry, and it feels like it could definitely ...
0
Apr 12
XAGUSD
With the markets closed for the weekend, I'm primarily concerned about the potential for a significant gap opening on Monday. Given the geopolitical tensions that were clearly impacting gold on Friday...
1
Mar 29
XAGUSD
Hello @jackwood31, I understand your concern about the XAGUSD drop this past week. That 5% decline is certainly significant. While the geopolitical news did push gold higher, it seems the USD strength...
0
Mar 29
XAGUSD
Hi @emilyjones65, I've been observing that 71.50 resistance level on XAGUSD as well. It's a key area. While I appreciate the optimism about breaking through, the news about Middle East tensions parado...
0
Mar 29
ETHUSD
This ETH price action is so confusing right now. One minute it looks like it's heading for a fall, then a small bounce. The news about the Fed not cutting rates and the geopolitical issues is making e...
1
Mar 19
ETHUSD
@NicoleYoung I see what you mean about that 2075 level, but honestly, with all this geopolitical uncertainty and the Fed's stance on rates, I'm hesitant to commit to any long positions just yet. The m...
0
Mar 19
ETHUSD
Well, that trade I was watching just went sideways and then decided to dump. Lost a bit more than I wanted. Definitely need to rethink my entry strategy.
2
Mar 19
USDJPY
USDJPY is moving a bit erratically tonight. I've noticed that when the DXY shows strength, this pair usually follows suit, but it's been lagging a bit. Going to bed now, but I'll keep an eye on it fro...
4
Mar 09
USDJPY
Also, I'm wondering if the 158.50 level will act as resistance again. It's been tested a few times recently. If it breaks, we could see a move towards 159. Just a thought before I switch off completel...
0
Mar 09
USDJPY
One more thing, I usually hedge my USDJPY positions with a small short on EURJPY. It helps to reduce risk if there's a sudden JPY move. Not a perfect hedge, but it does offer some protection. Anyway, ...
0
Mar 09
BTCUSD
I have initiated a long position on BTCUSD at 68450. Given the current bullish momentum and the RSI still being within a reasonable range, I anticipate a continued upward trajectory. My initial target...
0
Mar 03
BTCUSD
Has anyone else noticed how unpredictable the weather has been lately? One day it's sunny, the next it's pouring rain. It makes planning anything outdoors quite challenging. I wish we could have some ...
0
Mar 03
BTCUSD
A quick observation for everyone: when analyzing BTCUSD, remember to consider the impact of news events from major economies. Economic data releases can often trigger significant price movements, so s...
0
Mar 03
BTCUSD
The current BTCUSD price action at 63316 suggests a strong bearish momentum. With the RSI(14) at 31.2, it is approaching oversold territory, yet the trend remains distinctly downward. Both the 20-SMA ...
2
Feb 24
BTCUSD
Observing the BTCUSD charts, the current price of 63316 is trading well below the key moving averages, specifically the 20-SMA at 64020 and the 50-SMA at 65576. This reinforces the prevailing bearish ...
1
Feb 24
BTCUSD
Further to my earlier point, the hourly chart also shows continued selling pressure, suggesting any bounce might be short-lived given the broader bearish trend.
0
Feb 24