Platinum (XPTUSD) is going quite well since our October 25 buy call (see chart below) as we caught the bottom and the price is now rebounding: The long term pattern is a Channel Up. At the moment the price is supported by the 1D MA50 (blue trend-line) buy restrained below the 1D MA200 (orange trend-line) where it got rejected on November 28. Even though the...
As clear bull flag formed we can expect clear breakout to upside with such macd values . Also for current cycle we clearly not at top yet .
Dear Esteemed TV Members, P latinum has been swaying within a bearish trend. However, insights from Support Vector Machines (SVMs) applied to daily candles suggest a potential weakening of this bearish momentum. This predictive analysis, coupled with a possible rising channel pattern on the Relative Strength Index (RSI), indicates that the bearish trend might...
Platinum is in a bearish trend as mentioned in the price chart. if Price respects this trendline and closes below the zone mentioned zone and also from the trendline then we can initiate a short sell. Good Luck .
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Platinum (XPTUSD) is having a strong start to the week following a streak of 2 red 1W candles rejected on both the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line). Regardless of the obvious 1W Golden Cross pattern that those two are aiming to complete, the price got again near the 895 - 903 Support Zone, which has been closing all 1W candles above since...
Technical Analysis: As you can see, there exist a Hidden Bullish Divergence with MACD and it is the very sign of bullish trend continuation as the Price is Bullish Bounding in an ascending channel. We draw Fibonacci retracement from the low to the top of previous impulsive wave for specifying the Bullish Cycles and the Possible Pivot Points and Reaccumulation...
Platinum (XPTUSD) is trading on a Triangle pattern which is within a larger Channel Up. Last time we had this sequence on patterns was last November-December. Once the price hit the 1D MA50 (blue trend-line), it rebounded to the 1.5 Fibonacci extension. The current 1.5 Fib is at 1180 but we set a Target slightly lower at 1170. Notice how even the 1D MACD sequences...
XPTUSD - has been ascending solidly with minor exceptions in a bullish channel since the beginning of February 23. Due to some uncertainties around the mining crisis in SA, one of the largest producers of the precious metal the price tag by BofA is set around $1400-$1500 by year-end, which makes a 40%-50% anticipated surge in the next 7-9 months. Risk...
The metal shows strong set of lower highs complaint with Fibonacci retracement levels. Current bounce back from fib resistance followed by bearish candlesticks are a strong indication for going short in this commodity
I've been bullish platinum for a long time now, but breakouts from such long-term ranges take time. We've seen similar shapes in crude oil and in copper, both of which have broken out. I started discussing the upcoming crude oil breakout on Twitter in 2019 already, and I've been doing the same for platinum. In time, we will surpass the all-time highs, which isn't...
This is a beautiful sell setup Swing to the end, and always remember use protective stoploss as this is one of the factors that gives a trader statistical edge in the market. Also a very nice risk to reward ratio
Platinum (XPTUSD) got rejected two weeks ago on the 'war candle' on the 1W time-frame and is on the 3rd straight red week since. The importance of that rejection, is that the candle closed within the metal's long-term (almost 4 year) Channel Up that started half-way through 2018. As you see XPTUSD tends to trade exclusively within this Channel Up structure, unless...
XPTUSD is making its 5th attempt at the 200 moving average in 10 days. Double bottom could also be forming but it needs to push past the 200 for the bulls and its not proving easy. Selling pressure seems ever present.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
XPTUSD Entry Price 922.70 Target Price 948.71
XPT did a retest and made 50-SMA support. I might bounce from here.