4xForecaster
Short

$XPT vs. $USD Eyes Support @ 999.80 | $AUD $CAD $CHF #XPT $XAU

FX:XPTUSD   Platinum/U.S. Dollar
Friends,


PREDICTIVE MODEL:

Predictive/Forecasting Model eyes the following probable bearish target:

- TG-Lo = 999.8 - 11 JUN 2015


snapshot


MARKET GEO:

In terms of market geometry, overlay of 2 Geos is pointing to the nearing of a probable support in this long-term MONTHLY chart.

The 1-3 Line of the smaller Geo             is likely to play a significant impact on future price action, and might be considered as a trigger line when watching for further price advance.

However, the underside extension of the larger Geo             remains the true Line-In-The-Sand against any advance, but price is likely to remain at a distance from these levels for a while.


OVERALL:

This represents a long-term play. In terms of Forex relevance, platinum             is one of the rarest metal, and has the tendency to move or often lead the way among other precious metals. As this analysis suggests that a nadir is near or may have been reached, one should perhaps look at gold-sensitive Forex pairs, such as $AUD, $CAD, $CHF for a near-correlation in price action. Do not expect a one-to-one correlation, but a monthly or weekly chart could point to comparable tendencies - HINT: Look for a widening in platinum             vs. gold             as one possible leading indicator.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


-----
Twitter:
@4xForecaster

Twitter:
David Alcindor
-----


.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
22 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$XPTUSD continues its decline towards forecast level; Bears remain in charge:

snapshot


$PPLT #platinum $XPT $PLG
----------


snapshot



David Alcindor
+1 Reply
21 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
-----------
$XPTUSD likely to find support as Geo completes 5' and Predictive Model hits bearish target:

snapshot


$XPT $XAU #platinum
----------


snapshot



David Alcindor
+2 Reply
rvg 4xForecaster
a year ago
any interest in updating XPTUSD as it is continuing to get blistered lower?
+2 Reply
4xForecaster PRO rvg
a year ago
Hello @rvg - I will redraw the chart - As explained in private, I am expecting $XPT to outperform $XAU, per shown chart.

However, this does NOT mean that $XPT won't go further down - What I an seeing in the Model is a lower low, although in the most immediate timeline, a limited upside reaction is expected. I believe that the 5'' point that is about to be defined will allow price to relax to the upside, and by answering to the Geo's Off-Set Rule #3, would reach the price level of Point-3 before recommencing a downward trend.

I will rebuilt an entirely new chart and post it in this or new thread shortly.

David
+2 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out