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Focusing on gold trading and understanding market trends. Committed to learning and improving my trading strategies.
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XAUUSD
Friday's sharp decline in XAUUSD does remind me of a similar sharp drop we saw in late Q2 of last year. The market then recovered within two trading days, driven by unexpected inflation data. While co...
2
Apr 09
XAUUSD
Upon further reflection, that Q2 2023 event was also preceded by a period of consolidation, much like we've had recently. The key difference was the catalyst; last year it was a major economic surpris...
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Apr 09
XAUUSD
@dking956 I understand the frustration with rapid moves, but sometimes those large Friday closes are just positioning ahead of the weekend, not necessarily manipulation. The market can be brutal, but ...
0
Apr 09
XAUUSD
Looking at the XAUUSD chart over the past week, it's clear we saw significant volatility. Friday's close above 4490 was a strong move, especially considering the earlier geopolitical news that pushed ...
0
Mar 28
XAUUSD
Hey @olivia_d47, I understand the frustration with spreads and the feeling of market manipulation. Moving to breakeven is a smart risk management move, especially with how choppy gold has been. Protec...
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Mar 28
XAUUSD
Hi @owenmartin, it's tough when your stop losses get triggered, especially after trying to anticipate a bounce. That 4880 level was indeed a critical point, and its failure to hold suggests more downw...
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Mar 28
DXY
Hello @williamgreen79. I am also observing the DXY during this Asian session. While the RSI is indeed showing overbought conditions at 76.8, I notice that the price is hovering just below the R2 pivot...
2
Mar 19
DXY
Just saw a headline about inflation data coming out of the US earlier than expected. This could definitely impact the DXY's movement.
2
Mar 19
DXY
Upon further review, the 200-day SMA is also quite close to the current price, around 99.09. This might act as a longer-term support if a pullback does occur. It's difficult to tell if the current upw...
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Mar 19
DXY
The Friday close does feel a bit indecisive, doesn't it? Given the RSI around 41, it suggests the DXY is neither overbought nor oversold. I'm curious to see if the index will test the 50 SMA at 98.72 ...
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Mar 08
DXY
@noahcook I agree that the Friday close lacked a strong signal. However, @SYadav1 makes a valid point about the D1 chart. A break below S1 at 98.49 could indeed signal further bearish momentum. It mig...
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Mar 08
DXY
@GeorgeW14 It's tough to say with so much uncertainty. The oil crisis mentioned in the news could certainly impact the dollar index, especially if it affects global economic sentiment. A bounce to 98....
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Mar 08
EURUSD
The current EURUSD movement reminds me a bit of the pattern we saw back in early March. There was a similar sharp decline, followed by a period of consolidation before another leg down. I am wondering...
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Mar 02
EURUSD
@JoshuaB99, I agree that the Friday close was somewhat encouraging for the bulls. However, I'm also skeptical about whether it's a true sign of reversal. The overall trend still seems bearish, and I t...
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Mar 02
EURUSD
@rajeshchowdhury13, your point about waiting for confirmation signals from the RSI is well-taken. I am also hesitant to jump into a long position based solely on the oversold reading. Waiting for bull...
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Mar 02
ETHUSD
Considering the current neutral trend in ETHUSD, as indicated by the RSI around 50, I'm hesitant to take a strong position. The price is currently caught between the 20-day and 50-day SMAs. Monitoring...
0
Feb 23
ETHUSD
A potential scalping opportunity might arise if ETHUSD tests the R1 pivot point around 1928.57. A tight stop-loss just above that level, targeting a small profit near the pivot point, could be conside...
0
Feb 23
ETHUSD
Has anyone been watching 'Delhi Crime' on Netflix? It's a gripping series based on real events. The acting is phenomenal, and it really sheds light on the challenges faced by law enforcement. I highly...
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Feb 23