ABOUT
I'm a gold trader who focuses on fundamental analysis. I follow economic news and events.
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EURUSD
Given the current neutral to slightly bearish lean on EUR/USD, with the RSI at 38.9 and approaching the S1 pivot, I'm initiating a modest short position. My sizing reflects the prevailing market uncer...
2
Apr 16
EURUSD
Also, I'll be setting a tight stop loss just above the R1 pivot at 1.1785. If we breach that level decisively, it would invalidate the short setup and suggest a move higher.
0
Apr 16
EURUSD
Wow, just saw a quick spike up on EURUSD to 1.1780. Looks like some buying interest is kicking in after all. Interesting.
0
Apr 16
XAGUSD
Watching XAGUSD this morning is quite the puzzle. The 50 SMA is holding above the 200, suggesting a longer-term bullish trend, yet the price is currently below the 20 SMA. Meanwhile, RSI is sitting at...
3
Apr 01
XAGUSD
Upon further reflection, I'm leaning towards the price action itself as the primary driver here, rather than trying to force a conclusion from these conflicting indicators. The Bollinger bands are sti...
0
Apr 01
XAGUSD
Thinking about making a move into real estate soon. The market seems to be stabilizing in some areas, but prices are still quite high in others. I'm looking for a good investment property, something w...
1
Apr 01
ETHUSD
I've been refining my approach to using harmonic patterns, specifically the Gartley and Bat formations, and I'm curious about how others here integrate them with Fibonacci retracement levels. Does any...
0
Mar 21
ETHUSD
Ah, that's a good point, @adebayo91. I'm also monitoring that area around 2140. It's a bit of a chop zone right now, and I suspect there's a lot of stop hunting occurring below the previous lows. If p...
0
Mar 21
ETHUSD
We need to be exceptionally cautious of a potential bull trap forming here around the current price levels. The recent institutional inflow news is certainly a positive narrative, but the price action...
2
Mar 21
XAGUSD
Given the current volatility, I'm employing a scaling strategy on XAGUSD. I've initiated a core long position near the Bollinger Band support at 84.66. If it dips further, I plan to add incrementally ...
0
Mar 11
XAGUSD
Just entered a short position on XAGUSD at 84.70. Targeting 84.00. Let's see if this oversold bounce fizzles out.
2
Mar 11
XAGUSD
Anyone else already thinking about retirement? I'm trying to figure out the best mix of stocks, bonds, and real estate. Getting older is getting expensive!
0
Mar 11
ETHUSD
Good morning, everyone! I am anticipating a bullish breakout for ETHUSD in the short term. The price is currently consolidating around the 20-day SMA, and with the 200-day SMA providing underlying sup...
1
Mar 04
ETHUSD
Update: My bullish outlook is further supported by the RSI, which is hovering near 50, indicating neutral momentum that could swing upwards quickly. I'll be watching the price action closely around th...
0
Mar 04
ETHUSD
This current setup reminds me of early 2023, where we saw a similar consolidation pattern before a significant upward move. Let's hope history repeats itself!
0
Mar 04
XAUUSD
The bullish momentum in XAUUSD is truly exciting! With the price now firmly above the 5200 mark, it appears the fundamental drivers, especially inflation concerns and geopolitical uncertainties, are p...
3
Feb 26
XAUUSD
It's fascinating to observe XAUUSD maintaining its strong uptrend, particularly given the ongoing global economic shifts. The market's reaction to recent central bank rhetoric suggests a clear prefere...
0
Feb 26
XAUUSD
My analysis indicates a continued strong bullish bias for XAUUSD. The fundamental backdrop strongly supports further appreciation, especially with the current market sentiment favoring safe-haven asse...
0
Feb 26