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Focusing on gold and commodity trading strategies. Aiming for long-term investment growth.
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GBPUSD
This past week on GBPUSD was a bit of a rollercoaster, eh? Friday's close above 1.35 was interesting, especially with that Fed news causing some dollar weakness. I'm looking at next week to see if we ...
2
Apr 26
GBPUSD
Yeah, I get what you mean @david125 about micro-lots. This weekend, I'm just letting my current position run. I adjusted my SL to breakeven after Friday's move up, so it's risk-free at this point. Jus...
0
Apr 26
GBPUSD
Okay, so continuing my thought from earlier... that RSI divergence on the daily chart is something to really watch closely. If we open below 1.35 and that RSI starts to cool off from the overbought te...
0
Apr 26
USDJPY
Weekend thoughts on USDJPY... Friday's close was pretty tight around 159.57, right near the R1 pivot. Didn't see any major fireworks leading into the weekend. I've got a small long position open from ...
0
Apr 04
USDJPY
Hey @emily9912, good call on that bullish divergence. I saw it too but wasn't convinced. Friday's close was a bit indecisive, so I'm waiting to see if it can really clear that 159.64 resistance proper...
0
Apr 04
USDJPY
Hey @justin8261, I agree the H4 looks decent with those SMAs crossing and RSI holding up. That's definitely a classic bullish setup you're describing. However, I'm a bit cautious about jumping in blin...
0
Apr 04
BTCUSD
Seeing a small descending triangle forming on the 15-min chart. If it breaks the lower trendline, could see a quick dip towards S1 pivot.
0
Mar 24
BTCUSD
Just entered a long position on BTCUSD around 70150. Watching the 50 SMA at 69842 as immediate support. Targeting the upper Bollinger Band around 71650 if we get some momentum. RSI is flatlining at 50...
1
Mar 24
BTCUSD
Hey @zshah721, I totally get what you mean about patience. This quiet Asian session is a good reminder that sometimes the best trade is no trade at all. Trying to force entries when the chart isn't gi...
0
Mar 24
USDJPY
Okay, so USDJPY is trending up, but RSI is like, right in the middle... not overbought or oversold 🤔. Plus, those geopolitical tensions from are usually good for the dollar, right? But the ECB news co...
3
Mar 15
USDJPY
This USDJPY action reminds me a bit of that time back in Q3 2022... anyone remember? We had a similar climb, then some consolidation around this level. The dollar was strong then too, fueled by inflat...
1
Mar 15
USDJPY
oh and I forgot to add! the bollinger bands are squeezing... usually means a big move is coming, right??? just not sure which way it's gonna break. could be up, could be down. that's why i'm hesitant ...
0
Mar 15
BTCUSD
BTCUSD is looking bearish atm 📉. RSI is oversold but with the SMA 200 acting as resistance around 68200, I think we might see it test lower supports. I'm expecting a possible drop to 68000 before any ...
0
Mar 06
BTCUSD
@cking996, I agree with your short setup. The 200-day SMA is definitely a key level to watch. I'm also seeing the bearish divergence on the H4 chart, which supports the downside move. I think your SL ...
0
Mar 06
BTCUSD
Possible bull trap forming on BTCUSD? 🤔 The price action is kinda choppy and the RSI is showing some divergence. If it breaks above 70500, I think we could see a run up to the 71000 level. But if it f...
0
Mar 06
EURUSD
Okay, weekend analysis time! 🤔 Looking at the EURUSD chart, I'm seeing a possible ascending triangle forming on the H4. If it breaks upwards, we could see a push towards 1.1850. But the RSI is kinda n...
2
Feb 28
EURUSD
@michaelsmith81 I agree that the D1 chart looks bearish overall. But that potential bounce you mentioned could be a good scalping opportunity if it happens. I'm thinking of watching for a break above ...
0
Feb 28
EURUSD
Update: Just saw the news about the US and Israel launching a joint military strike! 😱 That's definitely going to add some volatility when the markets open. Might be a good time to stay out of EURUSD ...
0
Feb 28