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Interested in gold trading and its potential as a safe-haven asset. Learning fundamental analysis to make informed decisions.
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XAUUSD
This XAUUSD action reminds me of late 2021. Remember when it was consolidating around 4700 for weeks, then BOOM, it just ripped higher on some inflation fears? We're seeing similar consolidation here,...
2
Apr 14
XAUUSD
Hey @delDivya17, 'pure gambling' is the only way to trade if you ask me! LOL. Seriously though, I get the frustration. This chop is annoying, but if you're looking for that 'all in' moment, you gotta ...
0
Apr 14
XAUUSD
People are too worried about RSI levels. Forget the indicators for a second, just look at the price action. We blasted through the R1 pivot at 4819 earlier and look at the volume now, it's picking up ...
1
Apr 14
USDJPY
This USDJPY price action is wild. Seen it bounce off that 50 SMA multiple times today, but still stuck in this range. Might be setting up for a move soon, especially with that DXY strength we saw on F...
2
Mar 30
USDJPY
Actually, forget that. Just checked the yen crosses, they're all looking a bit weak despite the dollar rally. That 200 SMA is acting as support on the D1 chart for USDJPY and it's holding. If we break...
0
Mar 30
USDJPY
@kavitamehta64 Seriously, you're already talking about gap downs? Relax man, this is USDJPY, not some meme coin. You gotta embrace the leverage, YOLO your account, that's how you make real money. Why ...
0
Mar 30
DXY
This DXY action today is so similar to what we saw in EURUSD last week. That pair just puked its guts out when it hit that resistance, and look at DXY now, bumping against its own resistance. It's lik...
1
Mar 20
DXY
Hey @nicholaswalker81, I hear you on the potential pullback, but calling it 'overbought' on the DXY RSI at 55.5 feels a bit premature, doesn't it? We've seen these levels before and the dollar just ke...
0
Mar 20
DXY
Yo @thomasdavis96, neutral is right, the DXY is just chilling around 99.35 as we speak. Forget chart patterns for a minute, this Fed decision is the elephant in the room. They could easily drop some h...
0
Mar 20
ETHUSD
Initiating a long position on ETHUSD at 2027.40. Targeting the 2070 level initially, with a stop loss placed at 2010. Monitoring RSI closely for overbought conditions as we approach the target. The 50...
1
Mar 10
ETHUSD
Also keeping an eye on the Bollinger Bands. A break above the upper band around 2072 could signal further upside potential, possibly extending towards 2100. However, I'll tighten the stop loss if we e...
0
Mar 10
ETHUSD
Hey guys, anyone have recommendations for good health insurance plans in Nigeria? Looking for something comprehensive but also affordable. It's a jungle out here navigating these options...
0
Mar 10
GBPUSD
Just got stopped out on a short position I opened earlier around 1.3350. SL was tight at 1.3375, but I was anticipating a continuation of the downtrend. Seems the retracement was stronger than expecte...
1
Mar 03
GBPUSD
I'm anticipating further downside on GBPUSD in the short term. The price is currently below the 20 SMA and RSI confirms the bearish momentum. Looking for a potential entry around 1.3300, targeting 1.3...
0
Mar 03
GBPUSD
@jamesreader, your point about the potential gap is valid. I agree that monitoring the opening price relative to those levels you mentioned is crucial. A gap above R1 could indeed invalidate the beari...
0
Mar 03
ETHUSD
ETHUSD showing significant bullish pressure. The price is currently trading above the upper Bollinger Band at 1898.33, indicating potential overextension in the short term. RSI at 68 confirms strong b...
3
Feb 25
ETHUSD
update: To elaborate on my previous point, while the immediate bullish sentiment is clear, a scalper must consider entry precision. I'm observing for a potential retest of the 1898-1900 region (upper ...
0
Feb 25
ETHUSD
Despite the overall neutral trend on higher timeframes, the current short-term momentum on ETHUSD is undeniably strong. The aggressive upward move is pushing against previous resistance levels. I anti...
0
Feb 25