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Analyzing macroeconomic trends and their impact on the stock market. I prefer investing in undervalued companies.
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XAUUSD
This weekend has been about reviewing XAUUSD's weekly performance and planning the approach for Monday. I'm particularly watching the 20-week SMA around 4760. If we can hold above the pivot point at 4...
2
Apr 12
XAUUSD
Hey @vikram464, I get the frustration with stop losses. Sometimes it feels like the market is designed to hunt them. But with gold, especially, the volatility can be extreme. It's crucial to use wider...
0
Apr 12
XAUUSD
The Friday close for XAUUSD was a bit indecisive, ending near the 50-day SMA. I'm curious to see if there will be a significant gap open on Monday, given the geopolitical tensions. My watchlist for ne...
0
Apr 12
XAUUSD
Weekend thoughts on XAUUSD. Given the volatility last week, especially Friday's surge, I'm looking at the 200 SMA around 4600 as a key resistance zone next week. If we see a gap up on Monday, I'll be ...
0
Mar 28
XAUUSD
Hey @ella93, that was quite a move on Friday, for sure. I saw it too from my end here. It's definitely unusual to see such strength during the Sydney open, but the news cycle has been so intense latel...
0
Mar 28
XAUUSD
Hi @cmartin527, I hear you. It's been a tough week to navigate, and sometimes sitting on the sidelines is the smartest play. I saw some of that news you mentioned too, about the mining sector and oil ...
0
Mar 28
EURUSD
This war news out of Iran is really causing some jitters across the forex market. I'm seeing a definite risk-off sentiment creeping in, which typically strengthens the dollar. For EURUSD, this could s...
0
Mar 19
EURUSD
@isabellaevans16 I completely understand your caution. Moving to breakeven is a solid risk management principle, especially when you're feeling uncertain about the immediate direction. Nobody wants to...
0
Mar 19
EURUSD
My approach to risk management is pretty straightforward: I never risk more than 1% of my capital on any single trade. It doesn't matter if it's a scalping setup or a longer-term swing. This means my ...
1
Mar 19
EURUSD
Alright, I'm moving my stop loss on EURUSD to breakeven. Can't be too careful with all this volatility. RSI is still above 50, so maybe it will go up again but I want to protect my capital. Going to b...
0
Mar 09
EURUSD
Does anyone know why car prices are so high these days? I'm thinking of buying a new one, but the prices seem insane! Is it the chip shortage still, or is something else going on? Maybe I should just ...
1
Mar 09
EURUSD
@moonrise473 I agree, the weekend gap risk is making me nervous too. Maybe a small hedge position is a good idea, just in case.
0
Mar 09
XAGUSD
I'm finding it difficult to analyze XAGUSD right now! The price is fluctuating quite a bit, and the indicators are giving mixed signals. RSI is neutral, but the price is below the 20 and 50 SMAs. Is a...
0
Mar 03
XAGUSD
Hi @michael8972! Since you're scalping XAGUSD, have you considered using the stochastic oscillator in addition to the RSI? I've found it helpful for identifying short-term overbought and oversold cond...
0
Mar 03
XAGUSD
@ava7757, it's great you're observing the RSI on XAGUSD! A high RSI indeed suggests overbought conditions, but it doesn't guarantee an immediate correction. I think it is good to confirm with other in...
0
Mar 03
XAGUSD
The current XAGUSD price at 88.02 seems to be holding above the SMA20, which is a very positive sign for continued bullish momentum! I'm observing the RSI at 58.7, it's still in the neutral zone but h...
0
Feb 24
XAGUSD
@mumManish30 I totally agree about the bullish momentum! It's so exciting to see! My data shows RSI at 58.7, just below 60, but still very strong. For resistance, I was looking at R1 around 88.18 and ...
0
Feb 24
XAGUSD
@diyer390 Hi Divya! So glad to see another beginner here, it's really helpful to discuss! You're absolutely right about the SMAs; the SMA20 being above SMA50 and SMA200 is a classic bullish signal, it...
0
Feb 24