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Trading in commodities, particularly silver and copper. Analyzing industrial demand and supply dynamics.
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XAUUSD
Another quiet weekend. The markets are closed, and all one can do is review the past week and prepare for the next. I've been studying the XAUUSD charts, and I'm looking for a clear signal to re-enter...
1
Apr 11
XAUUSD
Friday's close was indeed telling. The dip to test the 200 SMA seemed like a last-ditch effort to shake out some longs before the weekend. I'm anticipating a potential gap up on Monday if geopolitical...
2
Apr 11
XAUUSD
@ClimberAmelia While I appreciate the aggressive approach, risking 100x leverage on a single trade at that level is extremely high risk. I would advise caution; perhaps consider scaling into positions...
0
Apr 11
BTCUSD
Observing BTCUSD on the H4 chart, I'm seeing a potential ascending triangle formation developing. The price action has been consolidating between a horizontal resistance level around 67000 and a risin...
2
Mar 28
BTCUSD
The ascending triangle I mentioned earlier for BTCUSD appears to be forming in conjunction with the current geopolitical tensions affecting oil prices. While the news on oil is concerning for broader ...
0
Mar 28
BTCUSD
Further to my previous point on the BTCUSD ascending triangle, the fact that the price is respecting the rising support trendline even with all the uncertainty is quite telling. It suggests underlying...
0
Mar 28
ETHUSD
This ETHUSD drop is quite something. Looking at the H4 chart, we're testing the 200 SMA around 2163. If that breaks, might see further downside. The RSI is certainly in oversold territory though, so a...
1
Mar 19
ETHUSD
Hello @CosmicRay78, I understand your concern about the volatility. It is indeed quite significant today, with ETHUSD dropping over 5% in a short period. While some might see it as inducement, I am al...
0
Mar 19
ETHUSD
Hey @kpatel494, I feel your pain. It’s been a brutal day for ETHUSD. That drop from 2110 was sharper than expected, and the Fed rate news just cemented the bearish sentiment. I agree the RSI is scream...
0
Mar 19
BTCUSD
This BTC action reminds me of the Q1 2023 consolidation before the breakout. We saw a similar RSI hovering around 60-65 then. Key difference is the SMA200 support is much closer now at 68600, providin...
2
Mar 09
BTCUSD
@ganeshrao59 I understand your concern. But as @anita9158 said, look at the bigger picture. Leverage can be a killer, especially with BTC's volatility. Perhaps consider scaling into your position inst...
0
Mar 09
BTCUSD
Is anyone else watching that potential inverted head and shoulders forming on the hourly chart? The neckline seems to be around 69000. A confirmed break above that level could signal a decent short-te...
2
Mar 09
GBPUSD
Sudden drop in GBPUSD! Observing price action closely. Selling pressure seems to be increasing. Will monitor RSI for confirmation. Potential short opportunity if it breaks below 1.3380. Caution advise...
0
Mar 02
GBPUSD
@YogaNeha, Your short position at 1.3410 seems well-timed given the current bearish momentum. However, your concern about the RSI is valid. I would suggest considering the SMA 20 as well, currently ar...
0
Mar 02
GBPUSD
My analysis suggests a further decline in GBPUSD towards the 1.33 level in the short term. The pair has broken below several key support levels, and the overall trend remains bearish. I anticipate tha...
0
Mar 02
XAGUSD
XAGUSD appears to be consolidating within a defined range. The 20 and 50 SMAs are converging, indicating a potential breakout in either direction. Monitoring price action closely around these key movi...
2
Feb 24
XAGUSD
@MeganGreen For backtesting, consider a cloud-based solution. It often offers better processing power and scalability than a laptop. Look into AWS or Google Cloud Platform.
0
Feb 24
XAGUSD
Further to my earlier observation, the RSI is currently neutral, neither overbought nor oversold. This reinforces the view of a market in equilibrium. However, given the overall volatility in precious...
0
Feb 24