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Farmerfx trading journal

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farmerfx

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Gold prices appear to be soaring amid tensions between the US and Europe over the Greenland issue. Trump has threatened to impose tariffs on countries that oppose the US annexation of Greenland. This has sparked renewed tensions and could fracture the NATO alliance.
#46 - January 21, 2026, 12:44:32 AM
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farmerfx

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Today, there's some economic news in several countries that could trigger volatility. The Bank of Japan (BoJ) is holding interest rates at 0.75%. The US and Europe will release manufacturing and services PMIs. As of today, we're still holding our positions in silver, hoping for further gains amid the geopolitical issues surrounding Greenland.
#47 - January 22, 2026, 10:57:12 PM
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farmerfx

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Silver continues to rally, even surpassing the psychological $100 level. Prices may correct due to profit-taking, but I'm still letting things run their course until this position is closed.
#48 - January 25, 2026, 11:15:07 PM
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Ikhtiar

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Quote from: farmerfx on January 25, 2026, 11:15:07 PM
Silver continues to rally, even surpassing the psychological $100 level. Prices may correct due to profit-taking, but I'm still letting things run their course until this position is closed.
A rise in silver to break through a major psychological level like $100 usually reflects very solid bullish momentum, driven by positive market sentiment and high buying interest.
#49 - January 25, 2026, 11:39:35 PM

farmerfx

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Silver has reached a high of around $117,703. It is currently hovering near its peak, having pulled back to around $102,932, but has since rebounded to around $112,275. If the USD weakens further, silver could set a new record. However, the market expects the Fed not to cut interest rates at the FOMC meeting, which could hamper silver and provide positive support for the USD. I am still holding a long position on XAGUSD, expecting the price to continue rising.
#50 - January 27, 2026, 11:11:20 PM
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#51 - Today at 03:13:05 PM

Ikhtiar

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Quote from: farmerfx on January 27, 2026, 11:11:20 PM
Silver has reached a high of around $117,703. It is currently hovering near its peak, having pulled back to around $102,932, but has since rebounded to around $112,275. If the USD weakens further, silver could set a new record. However, the market expects the Fed not to cut interest rates at the FOMC meeting, which could hamper silver and provide positive support for the USD. I am still holding a long position on XAGUSD, expecting the price to continue rising.
I see Silver currently in a very high price area, approaching its previous record. The surge to around 117,703 and then retracement to around 102,932 is a common pattern when the market reaches extreme levels.
#51 - January 27, 2026, 11:16:13 PM

farmerfx

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Gold prices even crossed the psychological $5,500 level, but profit-taking appears to have caused volatility, with prices subsequently dropping to around $5,103. Here, we're still holding our gold positions, as the USD is expected to weaken further due to US political rhetoric and a possible government shutdown.
#52 - January 29, 2026, 10:48:06 PM
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Ikhtiar

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Quote from: farmerfx on January 29, 2026, 10:48:06 PM
Gold prices even crossed the psychological $5,500 level, but profit-taking appears to have caused volatility, with prices subsequently dropping to around $5,103. Here, we're still holding our gold positions, as the USD is expected to weaken further due to US political rhetoric and a possible government shutdown.
Indeed, this kind of profit-taking is very common after a major breakout, especially if the rise is rapid without sufficient consolidation. The resulting volatility doesn't always signal a trend reversal, but rather is often the market's process of rebalancing buyer and seller positions.
#53 - January 29, 2026, 11:02:38 PM

Ikhtiar

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Quote from: Ikhtiar on January 29, 2026, 11:02:38 PM
Indeed, this kind of profit-taking is very common after a major breakout, especially if the rise is rapid without sufficient consolidation. The resulting volatility doesn't always signal a trend reversal, but rather is often the market's process of rebalancing buyer and seller positions.
The rebalancing phase between buyers and sellers often creates new opportunities for market participants who previously missed the momentum. Medium- and long-term investors tend to wait for corrections or consolidation to enter at more rational prices. We saw Gold fall sharply this week, and many traders may have received margin calls.
#54 - February 01, 2026, 12:17:24 AM

farmerfx

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It appears that massive profit-taking in silver and gold has provided short-term support for the USD. Gold and silver have experienced sharp corrections after reaching record highs in early 2026. Long positions in silver have been liquidated, resulting in substantial profits. This week, precious metals remain in a wait-and-see mode.
#55 - February 02, 2026, 12:15:01 AM
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Ikhtiar

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Quote from: farmerfx on February 02, 2026, 12:15:01 AM
It appears that massive profit-taking in silver and gold has provided short-term support for the USD. Gold and silver have experienced sharp corrections after reaching record highs in early 2026. Long positions in silver have been liquidated, resulting in substantial profits. This week, precious metals remain in a wait-and-see mode.
I believe a correction after an all-time high doesn't always mean the uptrend is over. In many previous cycles, gold and silver have often experienced significant retracements before continuing their upward movement, especially if fundamental factors like inflation, global uncertainty, or interest rate policy remain favorable for safe-haven assets.
#56 - February 02, 2026, 04:16:11 AM

farmerfx

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Gold and silver plummeted after peaking. This coincided with President Trump's appointment of Kevin Warsh as the next Fed chairman. Consequently, the USD strengthened. However, I believe the strengthening USD is due to massive profit-taking in gold and silver, and prices may now be at a floor with the possibility of further upside. Therefore, I speculate on buying gold in this area.
#57 - February 03, 2026, 12:04:08 AM
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Ikhtiar

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Quote from: farmerfx on February 03, 2026, 12:04:08 AM
Gold and silver plummeted after peaking. This coincided with President Trump's appointment of Kevin Warsh as the next Fed chairman. Consequently, the USD strengthened. However, I believe the strengthening USD is due to massive profit-taking in gold and silver, and prices may now be at a floor with the possibility of further upside. Therefore, I speculate on buying gold in this area.
.
Indeed, Kevin Warsh is known to be more hawkish on interest rates, so the market often anticipates tighter monetary policy. When the market believes interest rates will rise or monetary policy will tend to strengthen the USD, it's natural for the dollar to strengthen broadly.
#58 - February 03, 2026, 01:57:51 AM

farmerfx

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Silver fell yesterday, and on the 15-minute timeframe, there appears to be an upward bias. Here, I tried to speculate by opening a buy on the market with a stop-loss around 85,356 and leaving it without a profit target.
#59 - February 04, 2026, 11:06:52 PM
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farmerfx

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Gold hovered near the upper band and briefly broke through the high. I hastily opened a long position with a stop-loss below the middle band. This may have been speculative amidst the volatile USD, which had strengthened after Trump recently selected a Fed chair Kevin Warsh as known for his hawkish policy stance.
#60 - February 08, 2026, 11:12:13 PM
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