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Metal

Metal Due to for the next pump?!Share your thoughts and comments below and let's make some money together! Looking at MTLBTC and this is just at the point where it satisfies about 90% of my conditions for a play. Seeing increasing volume coming in and still quite a low market cap of only 22M. Steamroller is showing on the 2D that we could be due for a pullback, which I imagine wouldn't go much further than the bottom of the cloud and when we bounce, would make a beautiful edge to edge trade. Let's make this bread! Stay safe my friends, take care. - Tex
Long
by Unity-Trading-Group
Gold reaches unprecedented TerritoryGold reaches an all-time high amidst Geopolitical tensions and the Coronavirus continuing to fuel demand into safe-haven assets. Gold spot reached a high of $1944.52 during the Asia session, smashing the record print of $1923 by $21. Geopolitical tensions and the Coronavirus are not the only factors driving the price higher for Gold. A weaker dollar, low-interest rates around the world, and massive quantitative easing and stimulus have increased the risk of stagflation. Sluggish growth and rising inflation fuels stagflation, in which bond yields returns are virtually non-existent. Gavin Wendt, a Senior resource analyst at Minelift Pty stated that “Strong gains are inevitable as we enter a period much like the post-GFC environment, where gold prices soared to record levels as a result of copious amounts of Fed money being pumped into the financial system.” This is further backed by both Bank of America and JP Morgan having a $3,000 price target for Gold. With the Federal Reserve speaking at the end of this week, a dovish town from Chairman Jerome Powell may send the yellow metal upwards. In an unprecedented Territory, how do you trade? We can draw information from the Bitcoin in 2018, where the price almost touched $20,000 before experiencing a sharp reversal down to 3,000 by the end of the year. The difference between Bitcoin and Gold is that there has been a historical precedent for the metal performing as a safe haven in risk-off episodes. May it is for viable reasons or a self-fulfilling prophecy, the correlation has been stable over the past decades. With Bitcoin, it was a case of the “Greater Fool Theory” fueling the price upwards. The Greater Fool theory states that the price of a security is determined not by its intrinsic value (how much net cash flow it brings in), but the relative demand. In this case, demand for Bitcoin was up due to speculation in the cryptocurrency, pushing the prices higher. However, Gold's initial push upwards is on a valid basis, assuming that it holds its own as a haven asset. Therefore, if the macro environment continues to deteriorate, we will likely see Gold print new highs in the future. Here is your week ahead Wednesday, 29th July – AUD Consumer Price Index, Federal Reserve minutes and Interest Rates Decision Thursday, 30th July – United States GDP Annualised Friday, 31st July – China Non-Manufacturing PMI Coronavirus cases: 16.2m Coronavirus deaths: 648k Happy Trading!
OANDA:XAUUSD
by BlackBull_Markets
Silver - Are you suffering from FOMO?Key word right now that I want you to keep in mind - Inflationary. Why? That's the period we are going through, when this occurs you can tell metals rise, check out copper, gold, platinum ...the list is endless...! I can go on about various other instruments too. We could even go back to 60/70's Want to know further in depth what happened then - message me privately! But let's go to the technical aspects for a moment to make it simple: Are you suffering from FOMO (Fear.Of.Missing.Out) Don't jump right into the market - take a step back and think to yourself - Is it a level I want to buy it at? For me it isn't..Why? It's little over extended. Think of trading like a business, you go into a store your favourite designer t-shirt is still to expensive but it's one of those rare limited items which could sell for a lot of money in long run. Right, but you want it at cheaper price, what do you do? YOU WAIT - Patience is key. Wait for that PB (Pull back). Why wait for PB? We want cheaper price, so in this case monthly chart we could head down to areas of 20/21 areas. Then go in, once you're at cheaper price, you sell it once it goes higher - Good risk reward and positive profits! Now I am not here to provide signals so you'd have to do the in depth analyse on short intra-day time frames for yourself but don't suffer the FOMO - get yourself out of mindset of normal retail trader to becoming a professional. Trust your analysis. Enjoy... Remember: Just a trade idea, not a recommendation
TVC:SILVER
by Trade_Journal
2
Metal (MTL) Long-Term Targets (645% Potential)These are the long-term targets for Metal (MTLBTC). Here we are looking at the weekly timeframe. Prices are safely and strongly trading above EMA10 with very strong indicators... This one can BOOM anytime. Over 600% of potential profits. --- Remember to stay patient and let your strategy playout. Based on the results, you can update or build a new one, or keep it if it works... But never jump around from trade to trade... This is a bad strategy and can lead to a losing game. This is not financial advice. Namaste.
Long
by AlanSantana
10
Elliott Wave View: Silver Has Room for More UpsideSilver 1 hour chart below shows that the metal has ended pullback from July 13 high as wave ((ii)) at 18.85 low. From there, the metal has continued to extend higher. The rally has also broken above previous wave ((i)) high. This confirms that wave ((ii)) is already in place and the next leg higher in wave ((iii)) is already in progress. Up from wave ((ii)) low, silver ended wave (i) at 19.47 high. The pullback in wave (ii) ended at 18.91 low. The metal then extended higher in wave (iii). The internal subdivision of wave (iii) unfolded as a 5 waves impulsive Elliott Wave Structure. From wave (ii) low, wave i ended at 19.39 high. The dip in wave ii ended at 19.23 low. Afterwards, the metal resumed higher in wave iii, which ended at 21.32 high. Wave iv pullback ended at 21.09 low. The last push higher in wave v ended at 22.82 high. This ended wave (iii) in larger degree. From there, the metal did a pullback in wave (iv) which ended at 22.15 low. The metal can extend for another leg higher before ending wave ((iii)). A break above previous wave (iii) high will confirm that the next leg higher has started. Otherwise, the metal can still do a double correction in wave (iv). While above 18.85 low, expect dips in 3, 7, or 11 swings to find support for further upside.
FX_IDC:XAGUSD
by Elliottwave-Forecast
LONG - MTL - Trading OpportunityBINANCE:MTLBTC looking it's about to go crazy, once of the few altcoins that hasn't had much impact these past few months, and it's usually one that likes to go bananas. Every long term MA, tenkan and kijun tightly squeezing together and providing the support necessary for MTL to go into the daily cloud. Expecting a lot out of this one. Entry: 0.00003550 Target 1: 0.00004699 Target 2: 0.00005599 SL: 0.00003319 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Long
by ElMomento
MTL/BTC Channel + local trending. 9 months - 5 pumps + 100-220%MTL / BTC Work in the accumulation channel + from local trend lines. Important reversal areas. For 9 months in the horizontal channel there were 5 pumps + 100% + 150% + 50% + 100% + 220% In real work in the channel by averaging, you can take profits from 60% to 80% of each movement. The coin is not a "promising technological derma" for believing crypto hamsters. Coin "perspective scam" for making real money. I showed the logic of the work on the chart, I also have several ideas for training and articles on this topic, I won’t repeat myself. Volatility is the quality of a trading instrument that, when used skillfully, can inflate your trading deposit to indecent sizes. Also on such instruments, do not forget to withdraw part of the profit from the exchange after each pumping of the price. It is very important. Greed begets poverty. In such highly volatile instruments as in any other cryptocurrencies, sooner or later the time will come for the evaporation of the object of faith of fools (the disappearance of the project). Therefore, it is very important to always cash out part of the profit. Work the rest of the amount by increasing the working volume with a complex percentage. And from here the big next potential profit. Remember, no matter how much virtual money you earn on the exchange, without converting into real money, your profit is always zero A similar coin with such volatility for making real money in a short KIN time. + 111% + 140% + 80% + 160% The work is similar. I showed all movements in advance on this coin, all in related trading ideas, I will not repeat. Kin profit for 3 months of work + 111% + 140% + 80% + 160%. Do not be theorists, but be practitioners. A theory without practice is zero. Only the "weight" of your deposit matters. Everything else is "water." I also emphasize that most of the crowd is waiting - lazy people, they have always been, are and will be outsiders. This is fuel. Do not be him. More information about the trading and not only in my telegram channel SpartaBTC.
Education
by SpartaBTC
4
Gold BounceWith gold showing a low resistance path that could pull it back to the low's that we saw in the last week or so. With many analysts offering a much higher price in the upcoming months to years I feel the uptrend will still be respected. We can see some ranging that could show a pull back to the support around 1700, if a re-test does occur, expect a false breakthrough possibility with sellers out-weighting buyers, from this I believe the trend should bull up back to the resistance. Following a possible break of resistance we could see a big bull pushing these numbers to the 1800 analysed by many, even further if enough momentum is generated from the lows, this may be slowed by some possible accumulation but Gold shows promise to fight to these highs. USD numbers should help with this with USD being weakened at multiple times last week. DO NOT TAKE THIS AS GOSPEL, This is my idea that could become possible. Any comments appreciated, new to the game.
TVC:GOLDLong
by JParry8