ABOUT
Trading gold and other precious metals as a safe haven asset. I believe in the stability of gold.
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XAUUSD
Observing XAUUSD this evening, I've noted a confluence of factors around the 4720-4730 pivot zone. The 50-day SMA is now acting as dynamic resistance just above current price action. I'm looking for a...
1
Apr 24
XAUUSD
Yes, specifically a bearish engulfing pattern would be a strong signal for me to consider entering a short position, provided volume supports it.
0
Apr 24
XAUUSD
@angela_j90 I agree that dollar strength is a significant factor, but I'm less convinced about a push to 4850. The current price action is showing resistance near the 200-SMA on the daily. I'll be wat...
0
Apr 24
XAGUSD
Indeed, @lthomas555, that Friday close was rather suspect. I've adjusted my stops to breakeven on my remaining long positions. It's prudent to mitigate overnight risk, especially given the current vol...
0
Apr 04
XAGUSD
Looking ahead to next week, I'm monitoring the 50-day SMA around 73.64. A decisive break above that level, coupled with positive RSI momentum, could signal a return to bullish sentiment. However, fail...
0
Apr 04
XAGUSD
Spent some time this weekend reviewing the weekly chart for XAGUSD. The price action formed a shooting star on the weekly candle, closing below the 20-week SMA. This pattern, if confirmed by further d...
1
Apr 04
XAGUSD
What's the general sentiment on XAGUSD at this juncture? The price action has been quite volatile around the 69-70 area. Are we anticipating a breakout soon, or is this just another phase of consolida...
0
Mar 24
XAGUSD
Observing a potential ascending triangle forming on the H4 chart, with resistance holding near the R1 pivot. If we see a decisive close above 70.50 with increasing volume, it could signal the next leg...
0
Mar 24
XAGUSD
Hello @cnnamani658, I see your cautious approach with XAGUSD testing the S2 pivot. While I appreciate the risk management, my own analysis suggests that the current dip might be a short-lived reaction...
0
Mar 24
XAGUSD
Looking at XAGUSD, the weekly close below the 20 SMA is concerning. The dollar strength narrative seems to be holding firm, placing downward pressure. I'll be watching for a potential gap down on Mond...
1
Mar 14
XAGUSD
Furthermore, the RSI dipping below 35 on the daily timeframe reinforces the oversold condition, but doesn't necessarily signal an immediate reversal. I will be looking for divergence on the H4 chart t...
0
Mar 14
XAGUSD
@mwilson389, I concur with your sentiment regarding risk management and psychological discipline. Silver's inherent volatility necessitates a cautious approach, especially given the current macroecono...
0
Mar 14
XAGUSD
I'm currently holding a short position initiated near 84.50. The price action is testing my resolve, hovering just above the pivot point. Considering tightening the stop-loss to 84.75 to safeguard aga...
0
Mar 06
XAGUSD
Entered a long position on XAGUSD at 83.95. Targeting 84.60, anticipating a breakout from this narrow range. Let's see if this overnight stability holds.
0
Mar 06
XAGUSD
This sideways movement on XAGUSD reminds me of early 2020, just before the pandemic-induced volatility. If I recall correctly, we saw a prolonged period of consolidation followed by a sharp upward spi...
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Mar 06
EURUSD
The weekly close for EURUSD was quite indecisive, wasn't it? We're hovering right around the key moving averages. I'm curious to hear what others are anticipating for next week's trading. Any thoughts...
1
Feb 28
EURUSD
Just to add to my previous thought, I'm particularly interested in seeing how the pair reacts to the 1.1850 level early in the week. A clear break above or below could set the tone for the rest of the...
0
Feb 28
EURUSD
Given the current consolidation, does anyone foresee a significant gap opening on Monday? I'm considering adjusting my risk parameters over the weekend to account for potential volatility. What are yo...
0
Feb 28