ABOUT
I like gold because it's a hedge against inflation. I study economic reports and adjust my positions.
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GBPUSD
Just closed my short position on GBPUSD around 1.3525. The UK GDP data surprised to the upside, which gave it a nice little bump earlier. It's still under pressure from the dollar's strength overall, ...
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Apr 16
GBPUSD
Hey @G_Torres, I get what you mean about the pace. GBPUSD has been fairly range-bound for a bit, but the recent economic data out of the UK, especially that GDP figure, did cause a short-term spike. I...
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Apr 16
GBPUSD
Hi @TidePool27, good call on watching that S1 pivot. I agree, it looks like a potential liquidity grab area. The fact that the RSI is still below 50 and the 20 SMA is pointing down does suggest furthe...
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Apr 16
ETHUSD
The price action on ETHUSD is really giving me mixed signals today. The RSI is hovering around 58, which isn't showing clear oversold or overbought conditions, yet we're seeing some bullish momentum p...
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Apr 01
ETHUSD
Hey @O_Ansari, I saw you got stopped out earlier. That 2060 level was a pretty key support. It's frustrating when that happens, especially when you're managing risk carefully. The market can be relent...
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Apr 01
ETHUSD
Hi @charlie299, I agree it looked like a potential double bottom but it seems to have failed. The price is struggling to hold above the S1 pivot point now, which is concerning.
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Apr 01
XAGUSD
With XAGUSD closing Friday near the 67.65 support from the Bollinger band, I'm watching closely for any potential gap up on Monday. The sharp 6%+ decline on Friday suggests significant selling pressu...
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Mar 21
XAGUSD
Hi @gracewalker, I completely understand the concern about weekend gaps, especially after such a volatile week for silver. The ~6.7% drop on Friday was significant, and it did test that lower Bollinge...
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Mar 21
XAGUSD
Hey @isabellawilson, yes that Friday move was brutal. The RSI definitely looks oversold, but given the broader sentiment and those headlines about mining stocks tumbling, it's hard to say if it's a bo...
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Mar 21
EURUSD
EURUSD is currently testing the lower Bollinger Band, and the RSI is approaching oversold conditions. However, be wary of a potential bear trap at these levels. A false breakout below 1.1560 could lur...
2
Mar 11
EURUSD
@ali_r11, I appreciate your emphasis on patience and discipline. It's easy to get shaken out of a position, especially with the intraday volatility we're seeing right now. Sticking to a well-defined s...
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Mar 11
EURUSD
Effective risk management is paramount, especially in a volatile market like EURUSD. My approach focuses on limiting potential losses to a small percentage of my overall capital, typically no more tha...
1
Mar 11
XAUUSD
Wow, XAUUSD is making a significant move this morning! A break above 5170 could signal further upside potential. However, be cautious, a retracement is always possible. I'll be watching the RSI closel...
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Mar 04
XAUUSD
@rlewis524, a bracket order sounds like a prudent strategy given the current range-bound conditions. Just ensure your stop-loss is strategically placed to avoid premature triggering due to market vola...
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Mar 04
XAUUSD
Interesting point, @WildStorm55. ESG considerations are definitely gaining traction across various asset classes, including gold. It will be interesting to see if ethical sourcing becomes a major pric...
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Mar 04
XAUUSD
Considering the current bullish momentum in XAUUSD, I'm closely watching the upcoming CPI data next week. While price is trading above the 20 and 50 SMAs, indicating short-term strength, sustained mov...
1
Feb 26
XAUUSD
Update: To elaborate on my previous point, if we see a strong CPI print, XAUUSD could face resistance around the R2 pivot at 5202.37, potentially leading to a retest of the 50-SMA around 5175.3. On th...
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Feb 26
XAUUSD
XAUUSD is currently hovering right around the 5198 level. While it's above the daily pivot point, I'm observing how it reacts to the R1 resistance. Volume seems a bit subdued, which makes me hesitant ...
1
Feb 26