Platinum has been on a nice uptrend. If Gold and Silver rally more i imagine platinum could see some of the highest % gains out of them all. I'm long but not too heavily invested. Some ETF's and Physical platinum wouldn't be a bad idea though just for a long term suicide stack. What do you guys think of platinum long term?
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Pure Charting Analysis (no indicators, only Pure Logic and 10 years of Experience) for your attention.
* Gold has found a local Support around 1,480 - 1,490 after making a multi-week double top at 1,550.
* This is a Buy Area for both, long-term and short-term run since more money flows into precious metals and gold market, so the bullish trend is...
The MTLBTC is moving within a pennant and now arrived at almost end of this pennant.
Since Nov 2019 the pricline has found another support above the pennant's support and hitting that support at the moment.
The bollinger band is showing sideways movement since Nov 2019.
Stochastic is oversold and already has given bull cross.
The MACD has given weak bullish...
Pattern: Inverse Head and Shoulders on 4H.
Signal: Bullish if the current candle formation (circle) breaks upwards, bearish if it breaks downwards.
Target: 1310 for the bullish break-out, 1268 for the bearish break-out.
Gold is again trading above 1280 structure resistance level.
Due to strong bullish momentum, the market will most likely reach 1295-1300 resistance area.
Taking into account structure on the left, resistance line of a descending triangle,
and projection of BC leg of harmonic ABCD pattern, we have a very good area to...