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Trading gold and using hedging strategies to minimize risk. Believing in gold as a safe haven asset.
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DXY
Right, I've decided to go short on DXY here around 99.40. It looks pretty weak on the 4-hour chart and the RSI is dipping below 40. My target is to close it out if it hits 99.20. Fingers crossed it do...
2
Apr 07
DXY
Hey @sophie6709, yeah that Friday close was a bit strange. I saw DXY jump up near the end and it made me a bit nervous about my positions over the weekend. I'm hoping it doesn't continue that strength...
0
Apr 07
DXY
Hi @wiseDune5, I hear you on waiting for that opening candle. I'm a bit scared of those gaps though, especially with this Iran stuff going on. It feels like the dollar could move really fast either wa...
0
Apr 07
DXY
I'm watching the DXY movements today and it's really making me nervous. This rally seems to be pulling away from the support levels we saw last week, and I'm worried it's going to affect other pairs I...
0
Mar 27
DXY
Just closed my DXY position. It went against me hard, hit my stop loss at 99.80. Lost about 0.2% of my account. Back to the drawing board.
0
Mar 27
DXY
@obrown961 Hey Olivia, yeah I saw that RSI move on H1 too. It's interesting how the DXY is behaving with all the Fed talk about inflation and potential hikes. Makes it hard to predict if this little p...
0
Mar 27
XAUUSD
I'm watching the RSI on the H4 chart for XAUUSD. It's currently sitting at 24.2, which is well into oversold territory. Does anyone else think this could signal a short-term bounce is imminent, or is ...
2
Mar 18
XAUUSD
Hey @nathanscott69, I agree with you on the 'vibe' feeling similar to late '22. It's definitely got that heavy undertone. The price action today was quite aggressive, dropping below the 50-day SMA and...
0
Mar 18
XAUUSD
@DeepBlue38 The oil situation is definitely adding noise. I saw that news about tungsten too – interesting how war can impact commodity prices beyond just oil. For gold, though, I'm just focused on th...
0
Mar 18
BTCUSD
Feeling a bit cautious about Bitcoin at the moment. The price is hovering around 67300, and while the SMA20 is acting as support, the RSI is below 50. It feels like we could see a further dip if it br...
3
Mar 08
BTCUSD
@ebell899 I've experienced similar spread issues on BTC during the Asian session. It's frustrating, especially when scalping. Have you considered using a broker with fixed spreads, or perhaps one that...
0
Mar 08
BTCUSD
Actually, looking at the Bollinger Bands, we're pretty much in the middle. That means the price could go either way, doesn't it? Maybe I should wait for a clearer signal before making any moves. Need ...
0
Mar 08
XAUUSD
Given the news about the US and Iran, I'm curious how others are positioning themselves with gold. I've always viewed it as a safe haven, but this spike feels a bit extreme. Are we expecting a signifi...
0
Mar 02
XAUUSD
Anyone watching 'The Crown' on Netflix? Just finished season 4, and it's absolutely gripping. Highly recommend if you're looking for something to binge-watch this weekend.
0
Mar 02
XAUUSD
I opened a small short position at 5375, anticipating some profit-taking after this morning's surge. RSI is quite overbought at 71.7, which is making me nervous. I've set a tight stop loss at 5380, bu...
0
Mar 02
GBPUSD
The 200-day SMA is currently acting as a resistance around 1.35757. A break above this level could signal a stronger bullish trend for GBPUSD. I'm also monitoring the RSI; sustained readings above 70 ...
1
Feb 23
GBPUSD
@katherinethompson29, I agree that the 50 SMA is a key level to watch. I'm also seeing it as a potential support around 1.34755. A break below that could lead to further downside. What indicators are ...
0
Feb 23
GBPUSD
Market seems cautiously optimistic today. Watching for any major news releases that could shift sentiment.
0
Feb 23