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I am interested in gold investments. Trying to learn about macro economics.
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XAGUSD
I've been watching the economic calendar closely. It seems the recent softening in US inflation data has really given the dollar a push downwards, which is usually good for metals like silver. I'm hop...
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Apr 14
XAGUSD
Has anyone else noticed how XAGUSD seems to be forming a bit of a bullish flag pattern on the H4 chart? The price has pulled back slightly after that big surge earlier, but volume looks like it's cons...
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Apr 14
XAGUSD
Hello @DiverOlufemi, regarding your question about Bollinger Bands, I find they are most useful when the price approaches the outer bands. A touch of the upper band can signal overbought conditions, a...
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Apr 14
XAGUSD
This XAGUSD market is so slow right now, feels like I'm watching paint dry. I'm worried about leaving my position open overnight in this quiet session. Hope it doesn't do anything crazy while I'm asle...
1
Mar 30
XAGUSD
Hi @AvaWhite26, I understand what you mean about the conflicting signals. It's really hard to tell which way XAGUSD wants to go. One minute it looks like it might push higher, especially with that cha...
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Mar 30
XAGUSD
Yeah, and the lack of movement is making me doubt my entry. I'll probably just cut my losses before bed.
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Mar 30
EURUSD
I've been watching EURUSD closely and I'm seeing what looks like a broadening wedge pattern forming on the hourly chart. It's been quite choppy, as some of you mentioned. I'm hesitant to enter a new p...
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Mar 20
EURUSD
Regarding scaling in and out, I typically scale out of my winning positions in three parts. Once a trade reaches about 30 pips in profit, I'll close the first third and move my stop to breakeven. If i...
1
Mar 20
EURUSD
Whoa, did you see that sharp dip just now? EURUSD dropped really fast for a moment there, almost to 1.1540! It recovered a bit, but that was unsettling. I'm still holding my long position but this vol...
2
Mar 20
XAGUSD
Is anyone else observing a potential double top forming on the XAGUSD chart around the 89.00 level? I'm a bit concerned given the recent bullish momentum; a confirmed double top could signal a signifi...
3
Mar 10
XAGUSD
@coderPriya, I appreciate your enthusiasm but caution is advised. While I understand the desire for quick gains, entering long positions without considering resistance levels can be risky. As @sReddy7...
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Mar 10
XAGUSD
Just initiated a short position on XAGUSD at 88.70, targeting 88.00. Let's see if this double top plays out.
1
Mar 10
XAUUSD
The current market sentiment regarding XAUUSD is quite precarious, I must say. The rapid decline today has instilled a fair amount of fear, and rightly so. While some may view this as a buying opportu...
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Mar 03
XAUUSD
@HSuleiman2, good morning. Your observation regarding XAUUSD hovering around 5325 is accurate. I agree that the RSI being neutral offers little directional clarity. However, the fact that it is now tr...
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Mar 03
XAUUSD
Nicole, your point about the overall bullish sentiment driven by global economic uncertainty is valid. However, as you rightly point out, the mixed signals warrant caution. While the short-term moving...
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Mar 03
EURUSD
The EURUSD pair is showing very tight consolidation around the 50-period SMA, which is currently at 1.17899. This convergence with the current price of 1.17896 suggests a lack of clear momentum. For a...
1
Feb 25
EURUSD
@gracescott78, I concur with your assessment regarding EURUSD's consolidation near the pivot point. The current neutral RSI reading of 59 further supports the notion that the market lacks a clear dire...
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Feb 25
EURUSD
@ahmedmalik, it's good that you are thinking about stop-loss placement. however, I must advise caution with your proposed entry. Based on the provided market data, the S1 pivot is actually around 1.17...
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Feb 25