MidasTouchConsulting

Message Follow Following Unfollow
About me Midas Touch Consulting is an independent precious metals & Bitcoin analyst, trader & investor. We publish a bi-weekly in depth gold & bitcoin analysis...
Joined Germany FlorianGrummes
Markets Allocation
38 % cryptocurrency 10 % stocks 51 % other
Top Mentioned Symbols
XAUUSD 46% | 18 BITSTAMP:BTCUSD 25% | 10 BITFINEX:BTCUSD 10% | 4 XAGUSD 5% | 2
BTCUSD: Cryptocurrencies have a entered multi-month correction
339 6 14
BTCUSD, W
Cryptocurrencies have a entered multi-month correction

The Cryptocurrencies had a spectacular run in the last couple of months. But since mid of June they all moved into a rather nasty correction. Bitcoin went below 2,000 USD already while Ethereum lost more than 65% in six weeks. Yet they are oversold and getting interesting again.  I have been buying IOTA over the last couple of days. It´s up 52% today :-)  ! As ...

MidasTouchConsulting MidasTouchConsulting EXK, D, Long ,
EXK: Buy Endeavour Silver Corp. up to 3.20 USD
97 2 11
EXK, D Long
Buy Endeavour Silver Corp. up to 3.20 USD

Another silver stock that I really like and that I have already recommended in the past is Endeavour Silver Corp.. Although Endeavour had some issues in the last couple of months I continue to believe in Bradford Cook and his team. Endeavour was one of the best performing silver stocks in the first half 2016 and should offer massive leverage in a new silver bull ...

AG: Buy First Majestic Silver up to 8.20 USD
142 0 14
AG, D
Buy First Majestic Silver up to 8.20 USD

It´s been the right thing to wait with any recommendation in the mining sector. But now I feel the time is right. As explained I believe silver has a great potential over the next 8-12 months. The best way to play a multi-months rally in silver are some of the best but currently beaten down silver mining stocks. First Majestic Silver without a doubt is one of the ...

MidasTouchConsulting MidasTouchConsulting XAGUSD, D, Long ,
XAGUSD: Silver - Flash crash, capitulation and a huge opportunity
242 4 15
XAGUSD, D Long
Silver - Flash crash, capitulation and a huge opportunity

I think the silver-market now is cleared from all the weak hands and any stops below the technical important levels around and below 15.80 USD. Of course technically the chart is currently broken but I believe the 12 months correction has ended with a final capitulation that now opens up the door for a new multi-months rally. If gold can indeed move towards 1,500 ...

MidasTouchConsulting MidasTouchConsulting XAUUSD, D, Long ,
XAUUSD: Gold - The lows are in
421 1 17
XAUUSD, D Long
Gold - The lows are in

Gold is very oversold. Pessimism was very high! CoT now looking very good. Seasonality as well. Stochastic with divergences & new buy signal. A bounce towards 1,240 USD is possible at least. But I think we´ve seen the lows and gold will break through the 6-year downtrend line soon. https://s23.postimg.org/cbajzleej/The_Midas_Touch_Gold_Model_07_16_2017.jpg

MidasTouchConsulting MidasTouchConsulting BTCUSD, D, Long ,
BTCUSD: Bitcoin - Cryptomania Going Parabolic!
219 0 2
BTCUSD, D Long
Bitcoin - Cryptomania Going Parabolic!

Bitcoin just reached 2,900 USD!!!! This is unbelievable and amazing. I am very happy that I recommend Bitcoin to you below 375 USD! I remember very well all the hate emails I received back in December 2015. Now in retrospective besides my proper technical analysis this was a great contrarian signal. If you followed my advise your Bitcoins are currently up around ...

MidasTouchConsulting MidasTouchConsulting XAUUSD, D, Long ,
XAUUSD: Gold - Buy The Next Dip Around 1,240 USD
291 1 8
XAUUSD, D Long
Gold - Buy The Next Dip Around 1,240 USD

As expected gold continues to trade between 1,200 USD and 1,300 USD. The recent strong recovery from 1,215 USD up to 1,295 USD just two days ago was a bit surprising as we´re getting close to the FED meeting next week and seasonality is not really favorable in spring. But gold is showing more and more strength and has already been breaking out above its ...

MidasTouchConsulting MidasTouchConsulting XAGUSD, D, Long ,
XAGUSD: A bounce in silver is coming !
145 0 5
XAGUSD, D Long
A bounce in silver is coming !

After 10 days down Silver is very oversold here while gold can still hold above 1260 USD. Get ready for a bounce towards the 50MA/200MA around 18.00 USD. After a bounce the consolidation could continue until the summer.

XAUUSD: Gold - The big picture
197 0 6
XAUUSD, W
Gold - The big picture

Scenario 1: Breakout above 1,265 USD and bull run towards 1,300 USD. Then consolidation between 200 MA and 1,300 USD Scenario 2: Consolidation around the 200MA until early summer. Then breakout. Scenario 3: Another deep pullback within the triangle. Breakout above 1,265 USD later in the summer.

MidasTouchConsulting MidasTouchConsulting XAUUSD, W, Long ,
XAUUSD: Gold - Bounce towards $1,275 is next
390 0 9
XAUUSD, W Long
Gold - Bounce towards $1,275 is next

Once again I am looking at the weekly chart for gold which is oversold and close to very strong support around $1,190 - $1,210. Of course the price action during the last 18 weeks has been disappointing but there is still a good chance that this is the typical deep retracement after the first up-leg in this new bull-market. In the next step gold needs to break the ...

BTCUSD: Bitcoin - Another ascending triangle ?
690 4 14
BTCUSD, W
Bitcoin - Another ascending triangle ?

Bitcoin has been pushing higher reaching overhead resistance between $775 and $740... Note how the Bollinger Bands are starting to move sideways! If this is another ascending triangle we should soon see a pullback towards $625/$590! That of course would be another buying opportunity... Only a breakout above $775 would be extremely bullish. In that case a spike ...

MidasTouchConsulting MidasTouchConsulting XAUUSD, W, Long ,
XAUUSD: Gold - Weekly stochastic extremely oversold
372 3 12
XAUUSD, W Long
Gold - Weekly stochastic extremely oversold

When in doubt take a look at the bigger picture! So far gold has retraced a bit more than 38.2% of the rally from $1,045 to $1,375. This is the minimum condition for a healthy pullback. If it can hold around the current level ($1,250-$1,270) it is showing some real strength and hidden bullish divergence. Looking at the slow stochastic it is extremely oversold and ...

MidasTouchConsulting MidasTouchConsulting BTCUSD, D, Long ,
BTCUSD: Bitcoin - gaining steam
284 0 2
BTCUSD, D Long
Bitcoin - gaining steam

Bitcoin is gaining steam and getting ahead of itself a bit here. Second day outside the Bollinger Band makes it soon vulnerable to some profit taking around $700..

MidasTouchConsulting MidasTouchConsulting UEC, D, Long ,
UEC: Uranium Energy - bear trap and reversal
47 0 4
UEC, D Long
Uranium Energy - bear trap and reversal

In contrast to most of the other uranium stocks UEC has been holding up pretty well over the last 18 months. In mid of May the stock shot up 111% from 0.69USD to 1.46 USD within 12 trading days. In the following three and a half months the stock as been consolidating this sharp move within a large triangle.  On the last day in september UEC broke down from this ...

MidasTouchConsulting MidasTouchConsulting XAUUSD, W, Short ,
XAUUSD: Gold - A potential bearish scenario
350 11 11
XAUUSD, W Short
Gold - A potential bearish scenario

"Bottoms in the investment world don´t end with four-year lows; they end with 10- or 15-year lows." - Jim Rogers "The one who wants to protect his fortune doesn´t believe in anything but plans for everything." - Amschel Mayer Rothschild Although its way too early for confirmation I thought it´s time to lay out a theoretical bearish scenario to make sure we are ...

MidasTouchConsulting MidasTouchConsulting XAUUSD, D, Long ,
XAUUSD: Gold - The obvious bullish scenario
168 0 6
XAUUSD, D Long
Gold - The obvious bullish scenario

Due to the liquidation wave in the COMEX future paper market the gold price is down more than $135 (-9.8%) from its recent high in early July. This is a healthy and necessary pullback which offers the chance to buy the dip. The price target of the multi-month descending triangle pattern has already been reached at $,1240. Basically gold has just corrected back to ...

MidasTouchConsulting MidasTouchConsulting BTCUSD, D, Long ,
BTCUSD: Bitcoin - Bullish embedded stochastic!
431 0 8
BTCUSD, D Long
Bitcoin - Bullish embedded stochastic!

Since the flash crash in early august bitcoin has been slowly but steadily recovering. Yesterday the price quickly exploded higher and bitcoin has regained a rather important uptrend line. Despite the fact that there a some overbought tendencies we have the most bullish development of all: The slow stochastic oscillator is now bullish embedded and should push ...

MidasTouchConsulting MidasTouchConsulting XAUUSD, D, Long ,
XAUUSD: Gold still in consolidation
324 6 4
XAUUSD, D Long
Gold still in consolidation

Multi-month agonizing sideways consolidation in FX_IDC:XAUUSD continues. Main scenario: Gold can hold above $1,300 and will soon start the next leg up towards $1,415 - $1,430. Worst case scenario: Gold is breaking the trend-line and corrects towards $1,262 - $1,295. That would be a great buying opportunity. Only below $1,255 new bull market gets into serious ...

123 Show More Ideas
Last visit
77
55
1122
Message Follow Following Unfollow
Online ... Yer ekle ıstanbul
46
0
255
Message Follow Following Unfollow
Last visit Shanghai
4
0
20
Message Follow Following Unfollow
Last visit
4
0
20
Message Follow Following Unfollow
Online
0
0
0
Message Follow Following Unfollow
Last visit
5
0
27
Message Follow Following Unfollow
Last visit
3
0
15
Message Follow Following Unfollow
Last visit
2
0
10
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
4
0
20
Message Follow Following Unfollow
Last visit
3
0
15
Message Follow Following Unfollow
Last visit
2
0
10
Message Follow Following Unfollow
Last visit
4
1
47
Message Follow Following Unfollow
Last visit
21
50
569
Message Follow Following Unfollow
Last visit
21
19
294
Message Follow Following Unfollow
Last visit
202
107
3745
Message Follow Following Unfollow
Last visit
61
1
270
Message Follow Following Unfollow
Last visit
8
0
40
Message Follow Following Unfollow
Last visit
12056
3479
106439
Message Follow Following Unfollow
Last visit Mainhattan
50
10
250
Message Follow Following Unfollow
Last visit Germany
606
85
3310
Message Follow Following Unfollow
Last visit Canada
3547
357
25107
Message Follow Following Unfollow
Online Bahrain
681
100
4703
Message Follow Following Unfollow
Last visit Maldives
3433
317
25791
Message Follow Following Unfollow
Last visit United States
5379
5096
48298
Message Follow Following Unfollow
Last visit Dubai
19811
839
87732
Message Follow Following Unfollow
Last visit SINGAPORE
24308
1479
140487
Message Follow Following Unfollow
Last visit Taipei City 103, Taiwan (R.O.C.)
410
726
5527
Message Follow Following Unfollow
Online
49
7
357
Message Follow Following Unfollow
239
164
2249
Message Follow Following Unfollow
Last visit Iran - Tehran
2990
301
19697
Message Follow Following Unfollow
Last visit USA
4
0
14
Message Follow Following Unfollow
Last visit Buenos Aires, Argentina
5076
1373
58193
Message Follow Following Unfollow
Last visit Vancouver, Canada
73
7
531
Message Follow Following Unfollow
Last visit
537
48
2368
Message Follow Following Unfollow
35
15
350
Message Follow Following Unfollow
Last visit Germany
2404
836
28852
Message Follow Following Unfollow
579
278
6002
Message Follow Following Unfollow
Last visit Iran-Tehran
857
285
11027
Message Follow Following Unfollow
Last visit SWITZERLAND
13311
1000
89289
Message Follow Following Unfollow
XAUUSD
GOLD / US DOLLAR
Follow Following Unfollow
Market
Interval
Browse
Time
Type
Browse
Time
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out