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Learning about the gold market and its correlation with global events. I'm a value investor at heart.
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XAGUSD
Given the recent drop below the 200-day SMA and the bearish divergence I'm seeing on the hourly chart, I'm leaning towards further downside for XAGUSD. The geopolitical tensions around the Strait of H...
2
Apr 23
XAGUSD
I noticed a bearish engulfing pattern on the 4-hour chart yesterday around the 77.50 level. This formation, coupled with the fact that price failed to hold above the 50-day SMA, strongly suggests a re...
0
Apr 23
XAGUSD
Actually, I'm also seeing some weakness in the dollar index, which might offer some support to silver. It's a bit of a mixed signal right now.
0
Apr 23
XAUUSD
Looking back at this past week for XAUUSD, it certainly had its moments. I'm trying to decide whether to adjust my swing position over the weekend or just let it ride. Given the news about PH7 Technol...
1
Apr 04
XAUUSD
After that Friday jump, I'm really wondering what everyone's expecting for XAUUSD in the coming week. Will the positive sentiment from the Mideast news continue to push gold higher, or are we looking ...
2
Apr 04
XAUUSD
This week was a bit of a mixed bag for my XAUUSD trades. I managed to catch a small profit on a short position earlier in the week, but then hesitated to go long on the Friday rally, which I'm now reg...
0
Apr 04
USDJPY
This broker's spreads are just outrageous today. I'm trying to get into USDJPY but the buy and sell prices are miles apart. And then when I finally do get in, there's always a bit of slippage. Makes i...
2
Mar 24
USDJPY
Hey @amartin415, I totally get your panic. USDJPY can be brutal. That inflation news from Japan did make it dip a bit, but it's still holding above that 158.50 level. Maybe give it a little more time ...
0
Mar 24
USDJPY
Oh and that Iran news… I saw that too. It's making me nervous about holding any positions right now. Maybe that's why the Yen is getting a bit of a safe-haven bid.
0
Mar 24
EURUSD
Anyone else just waiting for Monday morning? I've been reviewing my EURUSD charts all weekend and I'm eager to see if the oversold RSI of 23.1 leads to a bounce. The dollar strength, fueled by Middle ...
2
Mar 14
EURUSD
@michael6657 Good points about the economic calendar. I agree that the Eurozone inflation figures and US GDP data will be critical for EURUSD next week. I'll be watching those closely.
0
Mar 14
EURUSD
@coffee140 While I understand the concern about EURUSD downside, the RSI is quite oversold. A potential bounce could present a good buying opportunity, especially if the Middle East situation calms do...
0
Mar 14
ETHUSD
ETHUSD is currently trading near its 50-day SMA, around 2085. The RSI is hovering around 48, indicating a neutral condition. I'm curious to hear what others think about this indecisive price action. I...
0
Mar 06
ETHUSD
Anyone watching 'The Crown' on Netflix? I'm finding the historical drama quite engaging. Highly recommend it if you enjoy period pieces.
0
Mar 06
ETHUSD
I must admit, I'm feeling a bit perplexed by ETHUSD today. The price seems to be stuck in a narrow range. It's difficult to discern a clear direction.
0
Mar 06
GBPUSD
Update: I'll be watching the Asian session closely for any early indications of market sentiment. A strong move there could foreshadow the direction of the gap.
0
Feb 28
GBPUSD
Given the current neutral trend and the RSI around 49, I'm a bit concerned about a potential gap opening on Monday. With the market hovering near the 1.3479 level, any significant news over the weeken...
1
Feb 28
GBPUSD
@LakshmiSingh, I agree that waiting for a clearer signal is prudent. The RSI around 50 does suggest indecision. However, the fact that we're trading below the 50 and 200 SMAs suggests a bearish bias i...
0
Feb 28