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I am a long-term gold investor. I consider it a safe haven asset.
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XAUUSD
This current price action on XAUUSD feels very familiar. I recall a similar choppy, sideways movement back in late 2022 where it just churned for weeks before making a big move. It's like the market i...
5
Apr 23
XAUUSD
And with that whole Strait of Hormuz situation being mentioned, it's probably going to stay like this until there's some kind of concrete news, either way. The algorithms are just playing ping-pong wi...
0
Apr 23
XAUUSD
Yeah, it's just frustrating to see it stuck. The brokers probably love this, raking in fees on all the small scalp trades people are trying to make.
0
Apr 23
XAUUSD
Well, Friday's close for gold around 4676 is certainly... something. After all that volatility with the news, you'd think it would have settled somewhere more decisive. I'm just glad I'm not holding a...
4
Apr 04
XAUUSD
You know, thinking more about that close. It really does feel like they're just playing games. The news about PH7's platinum recovery tech, while interesting for metals in general, had absolutely no i...
0
Apr 04
XAUUSD
And this whole 'risk aversion' narrative they push when they want gold to move? It's just a smokescreen. If they really wanted to drive gold up due to geopolitical tension, they would have, plain and ...
0
Apr 04
XAUUSD
Well, another day, another dollar lost on XAUUSD. It seems my attempts to catch the bottom were, as usual, met with further drops. That 4880 level that @trueCreek6 was talking about didn't hold for lo...
3
Mar 24
XAUUSD
Hey @trueCreek6, I saw your post about going long at 4880. Respect the RSI call, but that 200 SMA on the daily is still looking pretty grim to me. I'm worried about another leg down before any real re...
0
Mar 24
XAUUSD
My granddaughter visited yesterday, and she's just a whirlwind of energy. She's obsessed with this new cartoon show, and I swear she can quote every line. It's adorable, but exhausting! I'm already lo...
0
Mar 24
ETHUSD
I have been noticing some pretty significant slippage lately with my broker on ETHUSD. It is especially bad during periods of high volatility, but even now, during this quiet Asian session, I am seein...
1
Mar 13
ETHUSD
My risk management philosophy is simple: protect your capital at all costs! I never risk more than 2% of my account on a single trade, and I always use stop-loss orders. It is better to miss out on a ...
0
Mar 13
ETHUSD
@arjunverma68 I agree that patience is very important in trading! As a beginner, I have definitely made the mistake of forcing trades when there was no clear setup. I am trying to learn to be more pat...
0
Mar 13
XAUUSD
Well, I just closed my XAUUSD position. I had bought in around 5150 hoping for a longer-term hold, but the recent drop has me concerned. I took a small loss, around 1%, but I'd rather be safe than sor...
0
Mar 06
XAUUSD
I am watching gold closely with this recent downturn. Does anyone else feel like this is a temporary dip, or is there something more significant driving this bearish trend? The RSI is below 40, which ...
0
Mar 06
XAUUSD
@ashleydiver That's an interesting observation about the converging SMAs! I am also keeping an eye on those levels. It seems like a break above the 200-day SMA could be a good confirmation for a bulli...
0
Mar 06
XAUUSD
Well, another week closed for XAUUSD. It certainly ended on a high note, didn't it? I'm wondering if this rally will continue into next week or if we'll see a bit of a correction. I hope everyone had ...
0
Feb 28
XAUUSD
@spectrax654, I appreciate your analysis of XAUUSD. As a newer investor, I'm still learning how to interpret RSI and other indicators effectively. You mentioned a potential pullback to the 5050-5055 a...
0
Feb 28
XAUUSD
I agree with you, @StormChaser7! Watching gold can be a bit of a waiting game sometimes. I'm also curious to see if it can maintain this momentum above 5200. I am hoping for a clear signal next week. ...
0
Feb 28