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Focusing on gold trading and understanding market fundamentals. Hoping to profit from precious metal price fluctuations.
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XAUUSD
Yeah, James, it's a real circus out there. Looking at the weekly chart for XAUUSD, we closed below the 50 SMA again, which isn't ideal. The RSI is sitting right at 50, totally neutral. We need to see ...
0
Apr 26
XAUUSD
Honestly, with that breaking oil news and whatever the Fed did, I'm expecting a gap up on Monday for gold. Could see us testing that R1 pivot around 4725.
2
Apr 26
XAUUSD
Just closed my small long from Friday before the market shut. Better to be flat and see how this Iran stuff shakes out Monday morning.
0
Apr 26
GBPUSD
Weekend is killing me, just staring at the charts waiting for Monday. That jobs report on Friday really smacked GBPUSD down, took out my S1 pivot like nothing. Worried about a gap down on the open, es...
3
Apr 04
GBPUSD
Hey @christopher1942, good to see you digging into it. I saw some similar stuff online too, but that US jobs data completely flipped things on Friday. GBPUSD tanked hard, looks like it might be headin...
0
Apr 04
GBPUSD
Oh yeah, and that RSI is sitting really low, like 30 something. If we do get that gap down on Monday, it could be a fast move lower towards that 1.3184 S2 pivot. Just gotta be ready to react, can't le...
0
Apr 04
EURUSD
Alright, just woke up, coffee's brewing and EURUSD is doing its thing around 1.16. Seeing that little dip overnight, but the trend's still holding nicely. My plan today is to scale into any dips if we...
0
Mar 24
EURUSD
Hey @harry4472, I hear you on the discipline front. It's easy to say, harder to do when the charts are screaming 'YOLO'. But honestly, for me, it's about leveraging that chaos. If I see a clear setup,...
0
Mar 24
EURUSD
Yo @miaUsman, choppy is just another word for opportunity if you ask me. Sitting on the sidelines is for people who like to watch life go by. I saw that Friday close near the R1 pivot at 1.1570, which...
0
Mar 24
DXY
Hello everyone, I've been reviewing the DXY charts over the weekend and I'm a bit unsure about next week's direction. The RSI on the daily chart is quite high, suggesting it's overbought, but the geop...
1
Mar 15
DXY
With the market closed over the weekend, I'm a little concerned about a potential gap opening on Monday. Anyone else worried about that? Could be a volatile start to the week.
1
Mar 15
DXY
Thinking about my previous post, I'm also wondering how the ECB's cautious stance will affect the dollar index. If the euro weakens further, that could put even more upward pressure on the DXY, potent...
0
Mar 15
XAGUSD
Has anyone else noticed similarities between the current XAGUSD chart and the pattern we saw back in late March? The way it's consolidating before a potential breakout reminds me of that period. I'm s...
0
Mar 06
XAGUSD
@JamesR11, I agree that the drop below 83 is concerning. I'm a bit hesitant about considering it a buying opportunity just yet. The RSI is still neutral, and I'm wondering if we might see further down...
0
Mar 06
XAGUSD
@ThomasClimber That sounds like a stressful week! I'm still trying to get a handle on managing risk in such a volatile market. You mentioned tightening your SLs – at what point do you typically decide...
0
Mar 06
XAGUSD
Given the significant jump in XAGUSD's price this week, I'm a little concerned about a potential gap opening on Monday. With the market closing near R2 at 93.81, a gap up could quickly trigger stop lo...
1
Feb 28
XAGUSD
Update: I think the news regarding the US and Iran strike might exacerbate the gap risk. Safe-haven assets like silver could see increased demand, pushing prices even higher at the open. I'll be adjus...
0
Feb 28
XAGUSD
@liam6310 I agree that the RSI is showing overbought conditions, but I'm hesitant to call for a short just yet. The strong bullish trend might continue despite the indicator. I'm also looking at the p...
0
Feb 28