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I enjoy trading gold and understanding its impact on the global economy. I am building a diversified portfolio.
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XAGUSD
This XAGUSD setup is screaming for a breakout to the upside. We've consolidated above the 50-day SMA and are flirting with the upper Bollinger Band. The RSI is hanging around 57, suggesting room to ru...
1
Apr 17
XAGUSD
@AndrewMartin16 Dude, 'yolo it' is the only way to trade silver sometimes. Patience is for suckers when there's 100x leverage to be had. If you're not feeling the chop, just wait for the fireworks.
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Apr 17
XAGUSD
And honestly, that R2 pivot at 82.23 looks like a solid TP target for this move. If we clear that convincingly, I might even double down. The market needs some excitement and XAGUSD is poised to deliv...
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Apr 17
XAUUSD
Man, trying to reconcile the RSI at 62 with the price sitting at the Bollinger upper band is throwing me off. It's pushing higher, sure, but that doesn't feel like a sustainable rally without a pullba...
2
Apr 01
XAUUSD
Okay, so I was thinking about that RSI reading and the Bollinger bands, and it dawned on me. The recent geopolitical news has been driving everything, making traditional indicators a bit noisy. When y...
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Apr 01
XAUUSD
Linda, you're actually betting the farm on that geopolitical crap? Bold move, but I'd be triple-checking my SL. Price is definitely ripping, no doubt about it, but it's bumping right against that uppe...
0
Apr 01
USDJPY
What a wild week for USDJPY. Friday's close was interesting, saw that late push higher. Honestly, I wasn't trading it much this week, just watching. But that news about the dollar weakening despite gl...
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Mar 22
USDJPY
@ArcherBenjamin Yeah, I saw that RSI dip you mentioned earlier in the week, looked like it was setting up for a pullback, but then Friday's action completely flipped it. And that dollar weakness you'r...
0
Mar 22
USDJPY
@ediFreya That 2023 comparison is exactly what I was thinking too! It felt like it was stuck in mud for ages, just chopping around. Seeing that same indecision now is making me a bit antsy. I'm not su...
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Mar 22
EURUSD
Currently holding a short position on EURUSD, entered around 1.1590 based on the break of the 20 SMA on the hourly. Price action is hovering around 1.1570, and I'm watching it closely. Initial stop lo...
1
Mar 11
EURUSD
And might move my TP down to 1.1540 if it breaks below this current support level. Just being cautious given the quiet market conditions.
0
Mar 11
EURUSD
@kemi2588 Your point about the volume divergence is spot on. I've been noticing the same thing. While the RSI is not yet overbought, the lack of strong volume behind this upward move in EURUSD suggest...
0
Mar 11
GBPUSD
Currently holding a short position on GBPUSD initiated near 1.3370. The pair is testing the 50 SMA, and I'm closely monitoring for a confirmed break below. Placed my initial stop loss just above the R...
1
Mar 04
GBPUSD
Update: Adjusted SL to 1.3372 to lock in a small profit if it reverses. Still anticipating further downside movement if it breaks below the 50 SMA decisively.
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Mar 04
GBPUSD
Keep an eye on the Bollinger Bands; the lower band around 1.3350 could act as significant support in the short term. A break below that level might signal a stronger bearish continuation.
1
Mar 04
XAGUSD
Does anyone else find the current XAGUSD price action a bit indecisive? We're seeing conflicting signals from different indicators. RSI is bearish, but the price is hovering around the 50-day SMA. I'm...
0
Feb 26
XAGUSD
@AvaHiker, I understand your concern about a gap up. Given the bearish trend and current RSI, I'd be cautious about holding a long position over the weekend. Risk management is key in these volatile m...
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Feb 26
XAGUSD
Amelia, generally, rising interest rates tend to strengthen the dollar, which can put downward pressure on XAGUSD. However, it's a complex relationship influenced by many other factors. Always conside...
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Feb 26