XPTUSD
Platinum looks like its poised for the next leg upwardsThe signals on platinum are suggesting that it's close to its bottom and should start its next let upwards within the next week or so.
Some of the platinum miners look like they are in need of a retracement and consolidation phase after some large gains over the past year. A company like Anglo American Plat Ltd looks like its over bought, however, if the platinum price has a spike upwards, the share price of a company like Anglo American Plat Ltd could continue to see higher re-ratings in the share price.
Lets see what happens...
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Platinum going to 1500Possibility of a small pull back on the way but expecting to hit 1500 in the next few months.
Platinum Multi-Timeframe analysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Platinum- 1300 next?After breaking 1000 figure resistance and reconfirming it as support, Platinum was on the run with the price gaining more than 20%.
Now the price is 1212 and the road is clear to 1300 next major resistance.
Buy dips can be a good strategy and I expect 1100 to be strong support.
XPT USD SELL (PLATINUM - US DOLLAR)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for sell.
Platin with new 5 year high!Retest of 1060 today and immediately the run in the other direction. Intraday a new 5 year high. If it spikes through, the way to 1200 is open.
XPTUSD ideaPlatinum idea
For platinum
An interesting picture of platinum is emerging. Globally - the bearish trend line has been broken on the monthly chart. Perhaps a new long-term trend has arisen on this product.
At the moment, a bullish flag has formed and as we know it is a trend continuation pattern.
PlatinumWednesday, 16 December 2020
17:39 PM (WIB)
Platinum is breaking out the historical descending downtrend lines
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
XPTUSD Technical outlook Bullish scenario: XPTUSD
Technical outlook
Bullish scenario:
The Platinum broke very important resistance zone between 960 and 1000 usd. Now the price is holding above the zone narrowing its daily range. As all trends are moving between two phases – Impulse and Correction the last three-four days sideway movement could be taken as a correction of the impulse started on a 10.11.2020. With the above said if the price breaks its four days range above 1030 level the bulls could take the price to 1073 and if this level fold then the path to 1170 will be open.
Bearish scenario:
If the price break below 1063 support level, then the first target for the bears will be 905 and if it doesn’t hold then we may see 840 support level hit.
Fundamental:
One of the most important things now is the huge spread between gold and platinum which show us that the platinum is quite undervalued on historically bases. The other thing to consider is the except that the platinum is also e precious metal it has a usage in the industry. This fact alone with the huge spread between prices of the two metals gives slightly bigger advantage of the bullish technical scenario
XPTUSD Technical outlookXPTUSD
Technical outlook
Bullish scenario:
The Platinum broke very important resistance zone between 960 and 1000 usd. Now the price is holding above the zone narrowing its daily range. As all trends are moving between two phases – Impulse and Correction the last three-four days sideway movement could be taken as a correction of the impulse started on a 10.11.2020. With the above said if the price breaks its four days range above 1030 level the bulls could take the price to 1073 and if this level fold then the path to 1170 will be open.
Bearish scenario:
If the price break below 1063 support level, then the first target for the bears will be 905 and if it doesn’t hold then we may see 840 support level hit.
Fundamental:
One of the most important things now is the huge spread between gold and platinum which show us that the platinum is quite undervalued on historically bases. The other thing to consider is the except that the platinum is also e precious metal it has a usage in the industry. This fact alone with the huge spread between prices of the two metals gives slightly bigger advantage of the bullish technical scenario
CME NYMEX:PL Platinum prices forecast, Buy, Target 1504Platinum Futures (CME NYMEX: PL, USD/ozt)
Trade : Buy Dip
Entry : 930
Target : 1504 (574, +61.72%)
Stop : 850 (-80, -8.6%)
Posted on Saturday, Dec 12, 2020 (EST)
Note : Even though, it seems to be meaningful in the movement of platinum price. It's as if someone, a very powerful, is controlling the prices. The resistances would be 1150, 1505 and 1750. The support could be 867. When the prices drop below 950, it would be better to find opportunities to buy. From a long-term perspective, it would be better to do buy-trading than sell-trading.
Platinum- 1200 on medium term?November was quite a month for Platinum with the price rising 30%, but most importantly with a significant break above 1000 psychological and technical resistance, a resistance that held since 1017.
At this point, the price is in a normal and necessary correction, and confirmation of 1k as new support would bring bulls into the market and the price can rise to the next important zone at 1200.
Buying at 1010-1020 zone could be a great trade for the medium-term and only a drop under 950 would change this bullish outlook
XPT bullishAs my predicted on Dec 4, price hit the critical zone and pull back, here's the future critical zone to observe (take action)
Platinum Flying To The Cloud Friday, 4 December 2020
20:24 PM (WIB)
What could give a profitable return on ROI besides Gold and Crude Oil is Platinum. Once we hit the target without losing our funds, we could achieve a huge profit on these market. Now, Platinum is on the way to the sky, but it seems to need a retracement move first that might be landing at 1000 areas. A very strong upraising movement we can see at the base ground support and rising wedge formation at the highest high. I will use a very safe order on Platinum with 10% of my funds, with a loss stop at $300.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
platinum is about to fly The upward wave has begun. This wave could be wave 4 of the double-dip wave, which will be the target of $ 1,800, or it could be wave 3 of the main wave, which will reach the target of $ 3,500 in the long run.
