This forecast is for investors, now you look at the global events and find some volatility on gold and silver prices as a safe haven also platinum has the same rule but what makes platinum is the best opportunity right now is the current price has fallen enough to reach the desired support at 770 $- 820$ area I expect the price to continue going down the path to these levels.
Platinum’s prices are likely to rebound since it's used in manufacturing. It also has a future in renewable energy requests. As an investment, platinum may be useful in a variety of ways, including hedging and speculating. However, If you want to include platinum or any of the precious essences in your portfolio, I will recommend that.
For the position, I recommend a buy order on 770-820 level with 1 Buy limit order at 590 -620 area with the same amount of the first position
last Buy limit at 405- 425 area just in case the price make a strong move against us with 4x amount of the first position
Our targets:: 1ST Target 1284 $ - 1320 $ area 2nd Target 1850 $ - 1900 $ area ============================================ The Period of investment starts from 6 months to 3 years (estimated) I had given you the areas letting you manage your position Commitment to strategy will bring you the best benefit of the strategy
we expect 130% to 250% return for 3 years of investment
Nice idea, I agree with the possible growth over the next 3 years. But just to maybe start the discussion and make a argument against your call. What about the very strong 5-8 year resistance line? Since it broke last year already and all if us were waiting for the rocket jump of platinum, I really struggle to think that it will drop even more and Ill miss a good entry point. As you said this precious metal will have a high usage over the next year of technological development and since there are more people and less commodities every day, I think the may be even now. But lets see how it works out, good luck trading Screenshot 2021-11-28 at 14.25.09