ABOUT
Focusing on gold and silver trading. Understanding the role of inflation and interest rates.
No analyses yet
XAGUSD
Looking at XAGUSD on the H4 chart, I'm seeing a potential bullish engulfing pattern forming right at the 79.00 level. This often signals a reversal after a downtrend. We also have the 50 SMA just belo...
1
Apr 15
XAGUSD
Actually, re-evaluating the H4, that bullish engulfing is looking a bit weak as the close isn't quite above the open of the previous candle. If it fails to materialize and we break below that 78.74 pi...
0
Apr 15
XAGUSD
@braveglen I totally agree about the overnight risk. Waking up to gaps on XAGUSD can be brutal. I'd rather take a small loss than lose sleep over it.
0
Apr 15
XAUUSD
The volume seems to be picking up nicely here as XAUUSD pushes higher, which is a good sign for this bullish move. It looks like the momentum is genuinely building and not just empty noise. I'm watchi...
2
Mar 31
XAUUSD
Actually, on second thought, I'm also seeing that the RSI is getting pretty high, around 73.5 now. That might be a sign of overbought conditions starting to build up, even with the strong volume. Some...
0
Mar 31
XAUUSD
Hey @mia8866, I saw your entry at 4520. That's quite a move you're anticipating. I'm also watching XAUUSD very closely this New York session. The price has certainly surged, and it's interesting to se...
0
Mar 31
XAUUSD
Friday's close for XAUUSD was quite a drop, finishing below the 200 SMA which is concerning. The RSI is deep in oversold territory though, so I'm watching to see if we get any kind of bounce or if thi...
2
Mar 21
XAUUSD
Actually, I'm keeping an eye on that gap risk for Monday. If geopolitical news flares up over the weekend, we could see a significant open price away from Friday's close.
0
Mar 21
XAUUSD
@zalina3368 I agree, this sideways chop is making it tough to find clear setups. This week was mostly about waiting for me, barely any decent trades on gold.
0
Mar 21
GBPUSD
Closed my GBPUSD short from earlier this week. Small profit, about 30 pips. Not a bad return considering the sideways action we've seen. I'm thinking the market might be waiting for some clearer direc...
1
Mar 10
GBPUSD
@StormChaser5 Good point about reducing exposure over the weekend. Risk management is key, especially with unexpected news events. I also use tighter stops during these periods.
0
Mar 10
GBPUSD
@vivekarcher I agree with your point about trading being a marathon. Consistency is crucial, and risk management even more so. So many focus on the potential gains, while neglecting the downside. Prop...
0
Mar 10
XAUUSD
This XAUUSD action reminds me of the volatility we saw back in early 2023. The rapid drop suggests a possible overreaction to some news event, but the key will be watching for a bounce back above the ...
0
Mar 03
XAUUSD
@danielhall24 I agree with your assessment. A break below S1 pivot level at 5078.81 would confirm the bearish continuation, potentially leading to further declines towards S2.
0
Mar 03
XAUUSD
Hello @RunnerFolake, while I appreciate your optimism, I am somewhat skeptical about a sustained bullish trend at the moment. The RSI, while neutral, isn't providing a strong signal for upward momentu...
0
Mar 03
BTCUSD
Current BTCUSD price action is quite volatile, pushing above R1 at 69034.67. The RSI(14) is at an extreme 84, clearly indicating overbought conditions. While momentum is strong, a retracement towards ...
2
Feb 25
BTCUSD
Update: Given the extreme RSI, I am watching for a bearish divergence on lower timeframes. A move back below the 69000 psychological level would confirm early signs of weakness for potential short sca...
0
Feb 25
BTCUSD
Anyone have a good recipe for a quick, healthy weeknight dinner? Something with chicken maybe. Looking for new ideas.
1
Feb 25