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DXY
I see @coreshift364 is puzzled by the DXY's decline. Personally, I find this move quite interesting given the recent Eurozone GDP figures. The RSI is certainly oversold down at 28, and we're testing t...
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Apr 30
DXY
Just entered a long position on DXY at 97.83. The RSI is deeply oversold, and we're sitting right at the daily pivot point. My target is to the R1 pivot at 97.86 initially, with a stop loss just below...
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Apr 30
DXY
This current drop reminds me a bit of the sharp decline we saw back in late March before it eventually found support and reversed.
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Apr 30
XAUUSD
I've been scaling into my long positions on XAUUSD incrementally. I started a small position around the 200 SMA at 4660, and I'm looking to add more if we can hold above the R1 pivot at 4688. My plan ...
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Apr 06
XAUUSD
@peakview719 I agree with your assessment on the current rally. The geopolitical headlines are certainly creating noise, but the price action isn't confirming strength past 4700. I'm watching the 50 S...
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Apr 06
XAUUSD
@coffee497 Absolutely. Risk management is paramount during these volatile sessions. The surge above the 200 SMA is noted, but I'm keeping tight stops as per your advice.
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Apr 06
DXY
Watching the DXY chart this evening, I'm seeing a potential descending triangle forming on the H4. The price action is hitting resistance around the 99.35 level repeatedly, while the lower bound is sh...
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Mar 25
DXY
If we do see that break of the triangle support, I'll be looking for a retest of the 200-day SMA around 99.33, which would then likely act as resistance. Need to see conviction on increased volume.
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Mar 25
DXY
@kevin3802 Glad you're out, man. I'm watching this DXY action too. Feels like it might struggle to hold these gains overnight given the choppy price action, especially with those recession fears still...
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Mar 25
XAUUSD
I'm observing a potential ascending triangle pattern forming on the hourly chart for XAUUSD. The price seems to be consolidating between a horizontal resistance around 5018 and an upward sloping suppo...
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Mar 17
XAUUSD
Given the current geopolitical tensions mentioned in the news, I anticipate gold might see further upside pressure, despite the recent dips below 5000. The German ZEW sentiment turning negative also s...
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Mar 17
XAUUSD
@jack5422 I understand your bullish outlook, but I'm a bit wary with gold dipping below 5000 again. I'm waiting to see if that 4960 support holds before committing to a long position.
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Mar 17
XAUUSD
I'm planning my XAUUSD strategy for Monday. Given the neutral trend and the price sitting around 5171, I'll be watching for a potential breakout above the R1 pivot at 5170.44. If it breaks, I'll consi...
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Mar 07
XAUUSD
@hafiz1989 I agree that the longer-term trend is uncertain. The fact that we are below the 200 SMA suggests caution. It might be wise to wait for a confirmed break above that level before committing t...
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Mar 07
XAUUSD
Update: I'll also be monitoring the RSI. If it starts to fall from its current level (66.1), that could signal a weakening of the upward momentum and potentially a false breakout.
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Mar 07
EURUSD
Given the geopolitical situation with the US and Israel news, I am concerned about a potential gap opening on Monday. I'm holding a small EURUSD position over the weekend and am considering my options...
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Mar 01
EURUSD
Update: Thinking about the news more, the market reaction to the US/Israel situation is difficult to predict precisely. EURUSD could go either way depending on risk sentiment. If the situation escalat...
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Mar 01
EURUSD
@emily9912 I agree that R1 is a key level to watch. A convincing break above 1.1820 would definitely signal further upside potential. I'm also looking at that 200 SMA.
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Mar 01