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Investing in gold and precious metals for stability. Planning for retirement.
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GBPUSD
Saw a bearish engulfing pattern on the 1-hour chart for GBPUSD earlier. It definitely looked like it was trying to reverse the small gains we saw. Might be a sign that the sellers are still in control...
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Apr 06
GBPUSD
Hi @amelia2000, I saw your comment about the bearish trend on GBPUSD. I agree, it's hard to ignore the pressure we've seen. That RSI at 30.4 on the weekly chart is definitely a red flag for me. Even t...
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Apr 06
GBPUSD
Hey @nicole9535, I'm also watching GBPUSD. It's tough to call with the 200 SMA so close to the current price. I'm a bit hesitant about that breakout idea. The price action has been so choppy lately, a...
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Apr 06
XAGUSD
This current drop in XAGUSD feels eerily similar to that sharp sell-off we saw in early 2023. Remember when silver dipped hard for a few days straight, even though gold was holding steady? It made me ...
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Mar 26
XAGUSD
It's really confusing how XAGUSD and Gold seem to be playing by different rules lately. Gold is supposedly the safe haven, but it's been struggling too, and then you see Silver get absolutely hammered...
1
Mar 26
XAGUSD
@vijaymenon84 I feel you on that, it's tough to know what's safe. My portfolio is getting hit from all sides right now.
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Mar 26
EURUSD
I've been trying to implement a stricter risk management approach myself, focusing on defined risk as @archiescott98 mentioned. For EURUSD, I'm setting my stop loss at the 20-period SMA on the H4 cha...
1
Mar 17
EURUSD
@ClimberAmelia I know exactly what you mean! It's easy to get caught up hoping for the best. I'm trying to stick to my plan of setting a stop loss before entry, otherwise, it feels like gambling rathe...
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Mar 17
EURUSD
I agree with @archiescott98. Knowing your maximum loss before entering is crucial, especially for us beginners. I've been burned too many times by letting losses run. For EURUSD, I'm looking at the 1....
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Mar 17
XAUUSD
Considering the current market closure and Friday's close, I anticipate XAUUSD will likely test the 5200 level early next week, assuming no major gap occurs on Monday's open. The RSI suggests bullish ...
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Mar 07
XAUUSD
@rohanmehta96, your observation regarding the RSI and SMAs is well noted. However, I'm slightly more cautious about the proximity to the R1 pivot. A failure to convincingly break above this level coul...
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Mar 07
XAUUSD
I concur with your assessment, @nurul1405. The 5170-5180 range appears to be a crucial area. I'll be observing the price action around the 50-period SMA closely to gauge the next directional move.
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Mar 07
GBPUSD
Considering the close on Friday, I'm reviewing my GBP/USD strategy for Monday. The pair seems to be consolidating around the 1.347 level. I'm planning to monitor the opening price action closely, espe...
2
Mar 01
GBPUSD
Update: Further to my previous comment, the potential impact of that US-Iran news item is a significant concern. Safe-haven currencies might see increased demand, which could indirectly affect GBP/USD...
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Mar 01
GBPUSD
To add to my analysis, I'm also considering the possibility of a whipsaw effect early next week. The market may initially react strongly to the news, but then revert as traders assess the actual impac...
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Mar 01
GBPUSD
Considering the current position of GBPUSD, I anticipate a period of consolidation next week within the 1.3450 to 1.3550 range. The 200-day SMA at 1.3581 could act as significant resistance. Any upwar...
2
Feb 21
GBPUSD
Update: It's also worth noting the RSI. Although currently neutral at 56.7, any divergence between price action and the RSI could provide early indications of a potential trend reversal. I will be kee...
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Feb 21
GBPUSD
@NicoleT44, your caution regarding the RSI is well-placed. While an RSI below 40 can indicate oversold conditions, it doesn't guarantee an immediate price reversal. In a strong downtrend, the price ca...
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Feb 21