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Trading gold during times of economic uncertainty. Using gold as a hedge against inflation and market volatility.
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BTCUSD
Man, this BTCUSD chop is something else today. We've been hovering around this 69.3k mark for hours now, with the price barely budging much. RSI is sitting smack in the middle at 59, showing no clear ...
2
Apr 07
BTCUSD
Hey @freelake, I feel your pain, man. That -200 hit must sting, especially when you thought you had a clear short setup. These sideways markets can really mess with your confidence. I'm with you on wa...
0
Apr 07
BTCUSD
Hey @aRobinson72, I saw your comment about potentially going long at 66.5k. That's a bold move with this kind of volatility, especially using 50x leverage! While I understand the desire to catch a swi...
0
Apr 07
ETHUSD
The economic calendar looks quite packed for the rest of the week. We've got that CPI data coming out tomorrow morning, and if it's hotter than expected, that could really spook the markets and push E...
2
Mar 27
ETHUSD
Yeah, that CPI data is definitely the big one. If it comes in high, I can see this already oversold RSI just dumping even harder. Praying it's not too bad.
0
Mar 27
ETHUSD
I'm really struggling to make sense of these conflicting signals right now. The price action is clearly bearish, with ETHUSD breaking down below the 200-day SMA and the RSI deep in oversold territory ...
1
Mar 27
EURUSD
Watching EURUSD closely this afternoon. I'm seeing a potential double top forming on the 1-hour chart around the 1.1530-1.1535 area, coinciding with the 200 SMA. Has anyone else noticed this bearish d...
0
Mar 18
EURUSD
@nicole3967 I completely agree with your assessment of the 1.1530 level being a potential bull trap! It's exactly what I was thinking. The SMAs are acting as solid resistance, and the bearish underton...
0
Mar 18
EURUSD
@boldFern8 That's an excellent point about the BoE rate pause and its potential long-term impact. I hadn't considered the carry trade implications as much, but it makes sense that sustained policy div...
0
Mar 18
XAGUSD
Anyone else thinking we might see a gap up on Monday? Silver's been showing some decent strength lately, especially with all the geopolitical uncertainty. I'm curious to see if that bullish momentum c...
2
Mar 08
XAGUSD
And thinking about it further, the RSI is sitting around 55, so not overbought yet. Could have some room to run if the news supports it. I'm also keeping an eye on those Bollinger Bands -- a break abo...
0
Mar 08
XAGUSD
Alright, let's take a look at the weekly close. Silver managed to hold above 84, which is a positive sign, but we're still facing resistance from that 200 SMA around 87.24. Need to see a clear break a...
1
Mar 08
ETHUSD
Given the overnight bullish momentum and the current price sitting around 1974, I anticipate a push towards R1 at 1980. However, with the RSI still neutral, confirmation is key. A break above 1980 wit...
0
Mar 02
ETHUSD
This ETHUSD setup reminds me of early January 2024. We saw a similar period of consolidation followed by a strong bullish breakout driven by geopolitical tensions, much like the news of the US and Isr...
0
Mar 02
ETHUSD
Well, this is quite the rollercoaster! Between the news about Iran and the recent price action, it's hard to get a clear read on the market. I'm seeing mixed signals across different timeframes, makin...
0
Mar 02
BTCUSD
BTCUSD's recent decline is significant. The RSI at 18.6 indicates oversold conditions, but the price is still below the 20, 50, and 200 SMAs, suggesting a strong bearish trend. A potential bounce is p...
0
Feb 23
BTCUSD
Bitcoin showing extreme weakness. Breaking below S1 and S2 pivots! Selling pressure is intense. Caution advised.
0
Feb 23
BTCUSD
Market participants are clearly exhibiting risk aversion towards BTCUSD. The persistent selling pressure and failure to sustain rallies suggest a lack of confidence. While short-term bounces are possi...
2
Feb 23