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Investment Recommendations May 22nd

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GOLD: Long-Term Buy (Update)

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Gold Futures, 4-Hour Chart Analysis

Gold is trading in a short-term consolidation pattern after hitting the $1260 last week. The precious metal held up well amid the rebound in risk assets, as the political fears regarding Trump’s position continue to fuel demand for safe-have assets.

The metal faces multiple resistance levels, at $1260, at $1275, and near $1285 before a re-test of $1300 zone. The short-term rising trend is intact, with strong support at $1240. Short-term traders might consider raising the stop level to $1225, but our recommendation remains the $1206 level.

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2 Comments

2 Comments

  1. ajburge

    May 22, 2017 at 5:56 pm

    Hi,

    Would you suggest adding physical gold as a long-term diversified investment? Or just buy on trading sites?

    Thanks,

    Adam

    • Mate Cser

      May 22, 2017 at 9:25 pm

      Hi,

      Great question! Physical is always the safer option, especially in a full fledged meltdown.Paper gold might trade on a discount in such times,and counterparty risk could be a real threat. It’s a good idea to keep at least a part of your holdings in physical, with keeping the issue of liquidity in mind. Up to 10% of your savings could be great as an insurance policy.

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Cryptocurrencies

Trade Recommendation: Syscoin

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The market bounced from the support level and broke SMA100. It gave us a trend reversal signal. MACD and DMI support upward movement. We can use the local swing high and a breakout signal for opening long trades. Entry level is 0.000037 with stop orders below the support at 0.000022 level. Profit targets are 0.000050 and 0.000060 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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Market: SYSBTC
Buy: 0.000037
Stop: 0.000022
Profit Targets: 0.000050 and 0.000060

The trading signal is based on Poloniex chart.

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Cryptocurrencies

Trade Recommendation: Lisk

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The price of Lisk diverged with the MACD and RSI, giving us a trend reversal signal. Also, the RSI confirms price reversal from the support level and MACD supports upward movement. DMI allows us to open long trades. It’s a buy signal.

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Pending orders should be placed above SMA50 and the local high at 0.000930 level. Stop orders must be at 0.000780 level. Profit targets are The 0.001200 and 0.001400 resistance levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: LSKBTC
Buy: 0.000930
Stop: 0.000780
Profit Targets: 0.001200 and 0.001400

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The trading signal is based on Bittrex chart.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Recommendations

Trade Recommendation: EURJPY

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The price diverges with MACD histogram and RSI. It gives us a trend reversal signal and a new buy opportunity. MACD supports upward movement and DMI allows opening long trades. Buy orders should be placed at 132.05 level with stop at 131.60 level. Profit targets are 132.50 and 133.00 levels. Don’t risk more than 3% from your deposit in this trade.

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Market: EURJPY
Buy: 132.05
Stop: 131.60
Profit Targets: 132.50 and 133.00

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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