PLATINUM Chart

PLATINUM (US$/OZ)

 

PLATINUM

Platinum as an investment has a much shorter history in the financial sector than does either gold or silver, which were known to ancient civilizations. Experts posit that platinum is about 15-20 times scarcer than gold, on the basis of annual mine production. Because of this fact, platinum has nearly always tended to sell at a significant price premium to gold. More than 75% of global platinum is mined in South Africa.
The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling below the price of gold, partly due to increased gold prices.

News

Genghis Genghis PL1!/SI1!, D, Long ,
PL1!/SI1!: Platinum/Silver
25 0 6
PL1!/SI1!, D Long
Platinum/Silver

Currently short silver (see Silver Mar17) so looking to get long Platinum

Gelium Gelium XPTUSD, 240,
XPTUSD: Platinum: consolidation is formed.
45 0 4
XPTUSD, 240
Platinum: consolidation is formed.

Breakdown of consolidation is possible both upward and downward. Target levels are in zones of long-term support / resistance levels.

DeanT DeanT PLATINUM, 240, Long ,
PLATINUM: PLATINUM
58 0 3
PLATINUM, 240 Long
PLATINUM

The blue metal is once again at a key level.

mikebiz mikebiz XPTUSD, W, Long ,
XPTUSD: Platinum setting up for new move up on weekly
42 0 6
XPTUSD, W Long
Platinum setting up for new move up on weekly

Weekly Platinum is consolidating setting up for a breakout to the upside. Looking at current support at 886.8xx. If support holds at this area, price should continue up based on rhythm of TRIX and TSI. Monthly TSI and TRIX are turning up. A breakout of price from current weekly consolidation looks to be to ...

Salmanmemon786 Salmanmemon786 PLATINUM, D, Long ,
PLATINUM: Platinum long advice on Strong support zone
91 0 7
PLATINUM, D Long
Platinum long advice on Strong support zone

Platinum Trading at 940-41 level where Strong support zone 915 if hold above that level a move toward 980-1020 we can see. Who Trade in this pair can go for long in range of 939-923 sl below 913 TP 980-1020

SeongHwaPark SeongHwaPark PLATINUM, D, Long ,
PLATINUM: Long Platinum
32 0 4
PLATINUM, D Long
Long Platinum

This is way beyond underestimated metal... Almost zero risk if you use small leverage.

PrometheusAM PrometheusAM PRO PL1!, D, Long ,
PL1!: TECHNICALS | Platinum Advances
26 0 7
PL1!, D Long
TECHNICALS | Platinum Advances

Platinum has roared through resistance at the edge of its recent distribution (as observed in the distribution on the left axis). Some of the classicists might call it an inverse head and shoulders. Whatever the pattern interpretation, it looks particularly bullish!

AlbionTrader AlbionTrader XPTUSD, 240,
XPTUSD: PLATINUM LONG approaching a Resistance
18 0 1
XPTUSD, 240
PLATINUM LONG approaching a Resistance

Platinum seems to have revered a skewed Head And Shoulder pattern in December and its upward Trend is now converging towards the first notable resistance. https://uk.tradingview.com/x/fSG14ETi/ We are still well within last year's High and Low so more action can be expected. The key point for me at the moment is waiting to see how the price reacts to the level ...

colcord colcord XAUUSD, 60,
XAUUSD: Gold Long/Short Decision
155 0 6
XAUUSD, 60
Gold Long/Short Decision

As I called last week perfectly. We are at another decision point. I'm an agnostic trader so I don't care where gold goes in the long run. I trade what I see. If Gold breaks 1190 I will enter long position from 1191 to 1200 with a SL at 1187 If we don't and we break below 1180 - we will retest to 1160. I will enter short at 1178 with a SL of 1182. Good Luck

blake200 blake200 PLATINUM, D, Long ,
PLATINUM: PLATINUM long
26 0 1
PLATINUM, D Long
PLATINUM long

trend broken lookink to buy in white zone after breach of 1020.18

YannickLegendre YannickLegendre PLATINUM, D, Long ,
PLATINUM: Platinum long on falling wedge retest
19 0 3
PLATINUM, D Long
Platinum long on falling wedge retest

Platinum season is on to new high around may. Retest on falling wedge

colcord colcord PL1!, 60, Short ,
PL1!: Platinum/Metals good to short - Confirmation hit
61 0 5
PL1!, 60 Short
Platinum/Metals good to short - Confirmation hit

Entered Short at 983... SL 986 PT 950

LoneFox LoneFox PRO PLATINUM, W,
PLATINUM: PLATINUM: Triangle
19 0 4
PLATINUM, W
PLATINUM: Triangle

Break out or breakdown? What's you don't see often is that the RSI is making lower lows while the price is making higher lows... if I'm correct that should indicate breakdown? Correct me if wrong.

IamJeanPaul IamJeanPaul PLATINUM, D, Long ,
PLATINUM: PLATINUM BIG BULLISH POTENTIAL FOR A 300$ RISE!
351 0 15
PLATINUM, D Long
PLATINUM BIG BULLISH POTENTIAL FOR A 300$ RISE!

As usual the chart tells the story. In 2016 we had a 5 wave impulsive move higher from a multiyear low @ 810$. Signalling that this low is important and solid for now. Since august platin prices have been in a 5 wave downmove the lows of wave 5 touched 890$. It then took the market 2 months to form a decent bottom around the 900$ handle. Now in the recent days ...

Perseus Perseus XPTUSD, D, Long ,
XPTUSD: Platinum - Long
1435 0 11
XPTUSD, D Long
Platinum - Long

Although platinum is considered a safe haven, it also thrives in a productive economy. This gives it a great chance to do well during 2017, as people will turn to precious metals during times of uncertainty (which there will be a lot of in 2017), and with Trump wanting to spend like crazy on industrials (emissions control amongst other uses), this could propel ...

AndriyMoraru AndriyMoraru PRO PLATINUM, 240, Short ,
PLATINUM: Descending Triangle on Platinum @ H4
227 0 8
PLATINUM, 240 Short
Descending Triangle on Platinum @ H4

This descending triangle pattern on the 4-hour chart of the spot Platinum CFD offers an opportunity for a short trade in case of a downside breakout. The triangle's borders are marked with the yellow lines. The cyan line is my potential entry level. The green line denotes my take-profit level. I will set the stop-loss level to the high of the breakout bar (not ...

MrThomas MrThomas PLATINUM, D, Long ,
PLATINUM: Platinum - possible bottom?
144 0 3
PLATINUM, D Long
Platinum - possible bottom?

be careful with a long term and wait for good structur. best chance to buy is 790 $

Perseus Perseus XPTUSD, W, Long ,
XPTUSD: Platinum 1W outlook for 2017
242 0 7
XPTUSD, W Long
Platinum 1W outlook for 2017

$1300 area in 2017 as Fed will not raise rates, and Trump will spend on industrials. (Also bull divergence on RSI) Platinum will take off as it is both a safe haven and is used industrially.

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