Technical Analysis Outlook - GOLD - XAU Gold Spot / U.S. Dollar Sun 13.Jan.2019
Ticker: XAUUSD
LAST= 1,287.41
Gold Spot $/Oz movement during the last few days showed a Bullish move, with a recent high price seen on Fri 04.Jan.2019 at 1,298.62.
During the next few days the price is expected to see a downward correction to 1,275.00
But as of now, as long as the price is trading above 1,275.00, its recommended to ' BE LONG ' for a targeted price of around 1,315.0 Taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1,255.00
Res_2 = 1,300.00
Res_1 = 1,290.00
Sup_1 = 1,280.00
Sup_2 = 1,270.00
Metal
Gold went parabolic. I am shorting it.Hello fellow warriors (warriors only for this bet).
What a pump! Those that know no fear might want to try this.
I believe we are arriving at the end of wave 5:
Gold might have exploded up, but this does not matter to me.
Wave 5 is the extended one, typical when 1 and 3 are of similar sizes, it is typical for 5 to go to 1.618 and we are approaching this area too.
Price is topping, or is it? Might explode. But I think if it explodes it will not have much follow up.
Also, do note this:
We crossed some moving averages but it does not mean gold is bullish, look at the past it often goes above for a short time then falls below.
And when you zoom out you realize how important that level is. Plus 1300 is a psychological number.
And emmm... not sure about this but maybe it means something:
Anyway, stop asking questions, I just go against parabolic moves deal with it :p. Gold will probably fall. EW & market cycles say so. I have seen this so many times.
Risk reward probably not too high (will make avout what I risk), but the odds are high.
As for a target, as always I do not have one, we will have to follow gold once we take the trade, so for me from now to the following days.
But it will be at least 1250 (3000 points 3000$/future or 30$/contract for the poor ones if your broker has the typical setting).
There has been "bad news" for gold, weird it has not gone down, no one cares, or heard yet I guess.
I am praying we hear some big buyer say they drop gold for copper fake gold replacement.
Maybe the spike is just the initial reaction to stocks being bearish. Or it is not really correlated (like most of the time).
Out topic, my broker: "The maximum number of contracts per click (trade) for XAU/USD is 10,000." That's 100 futures :D
Not too much to worry about scaling here :D
Income-making payments. MTL/BTC analyticsBUY: 0.00007000 - 0.00007200
SELL: 0.00011100 - 0.00011200
STOP-LOSS: 0,00006950
Support: 0.00007150
Resistance: 0,00009770
Metal (MTL) is a p2p platform for exchanging fiat money for cryptocurrency. A wallet application was developed where users can carry out real-time transactions.
The main feature of the Metal (MTL) platform is its PoPP (Proof of Processed Payments Protocol) algorithm, thanks to it each network user is rewarded for any transactions within the network with MTL tokens.
First of all, it should be noted that at the beginning of June in one day (from the 8th to the 9th), the volumes dropped 10 times at once. It began to recover only in early September but did not return to the previous index, and are unstable. The November fall followed the market, on reduced volumes. This suggests that the buyers lost interest, and not about the mass sale of the asset. There are big transactions appear periodically, and the token then stays in the portfolios. The asset is characterized by sharp jumps in prices, which have no obvious connection with the news background and market sentiment. This, in combination with the anomalous fall in volumes, may indicate a possible rate manipulation. The point of entry into the asset lies within 0.00007000 - 0.00007200, slightly above the support line at the level of 0.00007150. Be sure to put a stop-loss - 0,00006950, because below this zone appears the probability of updating the minimum of 0.00005680, formed on November 20. The resistance line is at the level of 0.00009770. The zone of closing a long deal is in the range of 0.00011100 - 0.00011200.
The minimum growth potential of the token on the chart is 270%. It is worth considering that the project may be under pressure from many competitors.
[MTLBTC] Metal Round 2 [400% PP]Metal is going for a second round, this time with more momentum and potential. This is a very low risk trade.
Here is the chart:
The RSI is already on the bullish zone.
MACD is having a bullish crossover.
EMA10 being broken (confirms after daily candle closes).
Great chart structure (weekly)
Weekly chart:
Metal (MTLBTC) by Alan Masters - Trade Instructions
Buy in: 0.00000920
Targets:
(1) 0.00000895 - Target hit 28-Nov. (+27%)
(2) 0.00001111
(3) 0.00001911
(4) 0.0000276
Note: Additional targets, for short term, available on chart.
Stop loss: Close weekly candle below 0.00000565.
Capital allocation: <10%.
MORE OPPORTUNITIES WILL ALWAYS COME
This is just the beginning, of something that we had before.
More opportunities are already available.
Many more opportunities will come.
Namaste.
We Made 32% On Latest $MTL Post, We Will Buy Again!You can check that my published chart on $MTL was really on point, even at the moment the support line drawed correctly. You can check it here:
At the moment I think it's very juicy to get my first entry. 10K sats to 10500 sats is the best range.
The closest targets are 11K sats, 11.6K and 13.2K sats.
Ciao adios! Enjoy.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
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Short-term Rally Will Occur on $MTL. Do You Wanted to be Onboad?Hello there, MTL or as it's stand for Metal / Metal Pay has release their very own app days ago and charts juicy on the buyzone after the recent pump. Sitting at my very support for retracement. Looking for target on the yellow line. If you're on board, just let me know in the comment section.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
MTL/ETH forecastThis is a simple trading analysis of the SALT/ETH altcoin trade.
Chances to reach the maximum are high.
Subwave 3 of Wave 3 should reach 0.005800 by mid-november 2018.
Then scale your buy back between 0.004250 and 0.004400 and scale your sell again at the end of wave 3, between 0.006800 and 0.007200 (second part of november).
Have fun !
[MTLBTC] Metal's Profit [620%+ PP]Metal (MTLBTC) hit bottom on the 22nd August and has been in an uptrend since. Several signals are pointing to additional bullish action coming soon.
Let's take a quick look, and trade for profits. We have several signals to look at here:
On the left side you have the daily chart. You can see the MACD on the bullish side and the price on a clear uptrend.
MTLBTC is now trading above EMA10 and EMA50.
RSI is bullish and moving up with good momentum after coming out of oversold.
Huge increase in volume, this is for the daily time frame (TF).
On the weekly TF (right hand side) volume is extremely high as well. The highest volume since this token was added to Binance back in 2017. You can tell by looking at the last green bar at the far right.
Clear bullish crossover on the MACD.
RSI and STOCH are both oversold. If we go back to our hammer candlestick trades/learning, we can be reminded that an oversold RSI and STOCH after producing a low, creating a hammer at a bottom of an uptrend, followed by a strong bounce with good volume, all support bullish growth; which for us means green money.
Yes I talk about money all of the time, that's because I recognize its importance as a tool to be used in this reality. A tool that can help us better exprese ourselves and allows for more growth, freedom, security, opportunity, choices and comfort in our lives. Money is good. Be grateful for it, accept it and be wise spending it...
Let's continue with the trade.
Metal (MTLBTC) trade by Alan Masters
Buy in: 0.000106 - 0.000116
Next support: 0.0000920
MTLBTC Targets for Alan Masters:
(1) 0.000148
(2) 0.000153
(3) 0.000181
(4) 0.000198
(5) 0.000244
(6) 0.000312
(7) 0.000414
(8) 0.000516
(9) 0.000628
(10)0.000836
Stop loss: Close weekly candle below 0.000830.
Capital allocation: <10%.
THANK YOU!
Thanks again for reading.
Thanks again for the amazing and continued support.
Thanks a lot for following Alan Masters.
All I wish is for you to make more than a living trading these coins.
Namaste.
XAUUSD: Broke the downtrend but on fundamental factors.The long term bearish trend on 1W broke last week to neutral grounds (RSI = 47.647, MACD = -20.230, Highs/Lows = 12.0065) as the global stock markets pulled back and capital abandoned riskier assets towards Gold's safety. Technically 1D is a Channel Up (RSI = 65.112, MACD = 5.900, Highs/Lows = 22.9186, B/BP = 34.8019) but we can't assume yet that this uptrend is technically sustainable until we see both stocks and XAUUSD rising at the same time. At the moment the Dollar Index is on the 50% Fibonacci on 4H indicating that it is still on an uptrend, so most likely Gold's legitimate value is much lower. A middle solution is treating the current price as a Higher Low on the 1D Channel Up and a 0.382 Fibonacci retracement on 1W (as seen on the chart) and aim towards 1,203.20, 1,194.95.
MetalPay giving 40% of the tokens to usersMetalPay (MTL) is a payment system that enables users to transfer fiat or cryptocurrency peer-to-peer, using just a phone number. It is similar to the PayPal and is available to the US users. At the moment it is fart from reaching mass adoption although MetalPay team is making steps to increase the use of MTL token.
Yesterday it was announced that Metal will be giving away $18 Million, equivalent in the MTL tokens, to their users. This is a 40% of the total token supply, which will be distributed through the MTL proof of processed payments mechanism.
The reaction to this announcement was a 14% drop in price against the Bitcoin. The price dropped from 10,500, down to 9,000 satoshis, where it rejected the 88.6% Fibonacci support. But, at the same time, this fall in price could simply be the trend following of the Bitcoin, which today fell by 4.4%.
After the support was rejected cleanly, a correctional move up started. MTL/BTC gained back 11%, reaching today's’ high at 10,000 psychological price. Such a precise bounce off the Fibonacci support level might imply that there is more room for upside correction. Metal token can be heading towards the key resistance at 10,500 satoshis. This is the price where most trade volume has occurred over the past 3 months and also the level where price broke below the uptrend trendline.
The key resistance should be an important price level to watch in the near future. If MTL will rejected it, range trading or a downtrend continuation can be expected. But the daily break and close above might be interpreted as the first signal of the beginning of the bullish trend or at least a stronger correction to the upside.
On the downside, daily break and close below the 9k satoshis level will invite more short-term sellers, which are likely to push the price down to 8330 satoshis support or even lower.
Support:
1. 0.000090
2. 0.000083
Resistance:
1. 0.000105
2. 0.000114
3. 0.000121
Palladium Bearish Deep Crab Type 2 reaction Pattern Complete!This is a long term type 2 harmonic signal. our 38.2 Fib was hit and now the price is back to the pattern completion area. from here on we can likely expect the price to target the 61.8 fib retracement of the main swing. for the entry and exit criteria of the trade please refer to the main chart. you can take this trade short once the market opens.