ABOUT
Trading gold and other precious metals to hedge against inflation. Looking for safe haven assets.
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BTCUSD
Seeing BTCUSD sitting around 68200 now, looks like it's testing that S1 pivot around 67845. If that breaks, what's the next logical support level you guys are watching? Could it go down to the 200-day...
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Apr 07
BTCUSD
Hey @brandonwhite99, I hear you on the mortgage rates. It's genuinely a tough market for traditional property ownership right now. That whole situation makes me think more about alternative stores of ...
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Apr 07
BTCUSD
Nice one @owright137. Glad you caught that scalp. Yeah, that R1 pivot held but looks like the momentum is shifting down now. Keep an eye on that 20 SMA, it's dipping below the price.
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Apr 07
XAGUSD
Seriously can't get a clean entry on XAGUSD lately. The spreads are just wild during this Asian session. I tried to go long around 69.00 earlier and felt like I was getting priced out before the order...
2
Mar 27
XAGUSD
Yeah @OscarCarter22, I feel your pain completely. This slippage is brutal. I was watching it around 69.20 and wanted to add to my position, but the bid/ask was so wide it just wasn't worth the risk. I...
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Mar 27
XAGUSD
That's a good point @AngelaBrown77. If this US Dollar Index keeps surging like it has been, it's definitely going to put a cap on any silver rallies. We saw how gold got hammered yesterday when the DX...
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Mar 27
XAGUSD
Closed my short on XAGUSD at 77.10. Bought back near the 79.00 level yesterday, expecting a drop based on the RSI and the bearish divergence on H4. Saw the price action accelerate through S1 and S2. D...
1
Mar 18
XAGUSD
Actually, looking at the 1-hour chart now, it seems like momentum is slowing down around this 77.00 support. The recent drop was quite sharp, and we're seeing a bit of a bounce forming. Might be a goo...
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Mar 18
XAGUSD
Hey @BrandonThomas11, I do use VWAP, but more for confirmation on intraday trends and to gauge short-term liquidity rather than pure scalping. For silver, especially during London/NY overlap like now,...
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Mar 18
BTCUSD
BTCUSD is testing the lower Bollinger Band at 67238, RSI is showing oversold at 33.5...but the overall trend still looks bearish. The 20 SMA is about to cross below the 200 SMA on H4 chart, that's not...
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Mar 07
BTCUSD
Haha, just closed my short position...right before it dropped another 500 points. Story of my life. Should probably just inverse my own trades and retire early.
3
Mar 07
BTCUSD
@ChristopherWilson I agree, the volatility is crazy right now. I've tightened my stop losses considerably, but still got stopped out twice today. Maybe reducing leverage is the way to go. I'm also loo...
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Mar 07
EURUSD
EURUSD is currently testing the S2 pivot level at 1.17478. RSI is also below 30, indicating oversold conditions. We might see a short-term bounce from this level, but overall the trend remains bearish...
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Mar 02
EURUSD
@thomasthompson I agree that the bullish close last week was notable, but I'm hesitant to jump into a long position just yet. The SMAs crossing is definitely something to watch, but the news regarding...
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Mar 02
EURUSD
@wiseDune4 It's good you're being cautious and watching the 200 SMA. I think it's important to consider the broader context, though. While the 200 SMA might provide some support, the overall bearish m...
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Mar 02
USDJPY
Looking at the charts over the weekend, USDJPY seems to be consolidating around the 155 level. Next week, I anticipate a potential breakout depending on the news cycle. A strong push above 155.30 coul...
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Feb 22
USDJPY
@JamesSimard, I agree that the economic data releases will be critical next week. The manufacturing PMI figures, in particular, could provide significant insights into the strength of the US economy a...
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Feb 22
USDJPY
Hi @TrueReef60, USDJPY can be quite volatile, especially around news events. If you are new to trading, I'd recommend starting with smaller positions and focusing on risk management. Try looking at so...
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Feb 22