I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point.
We have a double back test from previous resistance.
One long term finding support from previous bottom resistance
Another short term indicating another possible reversal.
RSI is showing momentum is about to break the current downward trend
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PLATINUM is sitting around strong support in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H1: PLATINUM is forming a channel in orange but the...
New trade is ready for a setup! Potentially pretty big trade.
We saw platinum making a bearish moved continued by a bullish pullback, slow movement.
Now we saw a H&S develop to confirm our bearish intentions on the structure that this pair made.
Lets wait for our indicators to check for the entry.
PLATINUM on the 4h chart is currently testing a daily support.
The market after the break of the ascending channel is testing a potential neckline.
According to Plancton's strategy if the price will break below we will set a nice short order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
What do we have on the gold chart? Let's look at the global picture!
Gold updated the high of 2011, then corrected and found support at 1677$.
It is now closed in the range of 1677$-1918$ and while the gold is in this range, we should just wait for a clean pattern to enter the position. In addition, we can see that the gold is now near the trend line, which also...
There is strong support holding platinum up. The momentum will continue soon.
Platinum currently selling at a fair price to buy and hold in long term. I suspect it will hit the next two targets within a few months.
Gold was sitting around the $1825 on Friday, July 16. Silver was over $26, platinum was near the $1140 level, and palladium was around $2700 per ounce. All four of the precious metals that trade on the COMEX and NYMEX divisions of the Chicago Mercantile Exchange have been trending higher over the past years. Gold and palladium reached all-time highs over the past...
After Impala Platinum Holding Ltd. has been held down all of these years, its time for the company to return to where it belongs... way, way up.
While I would love to talk about returning to all-time-highs of 40++, why not just get in while the market is at a low around the next resistance point of 15 or 16, and then ride it to at least 20 for a casual 20-25%...
𝙋𝙡𝙖𝙩𝙞𝙣𝙪𝙢 𝙁𝙪𝙩𝙪𝙧𝙚 (𝙋𝙇1!) — 𝙀𝙒𝘼
The senior wave degree is borrowed from the counting of the structure for gold and silver , which have a much longer history of quotations. The second slide shows how the correction, presumably the fourth wave of the ...
Pattern: Bullish Megaphone on 1D.
Signal: Buy as the RSI broke above its Lower Highs trend-line. For a stronger confirmation you may wait for either a break above the 1D MA50 (blue trend-line) or the Lower Highs trend-line of the price since the February 16 High.
Target: Either the 5.0 or 6.0 Fibonacci extension.
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The USDZAR pair is currently sitting in the consolidative blue triangle. As long as the DXY remains below 92.800 and platinum stays above $1015, I expect the pair to complete an ABC corrective pattern.
A break above the 200-week MA rate of 14.59 could however see the pair move into the range between 15.50 and 16.00.
The fundamentals that drove the rand stronger in...
OTC:BYRG Buyer Group International, Inc.
Rhodium Price 2013: $1,000
Rhodium Price 2021: $29,000
Revival and funding of BYRG has been taking place for the past couple months. Back in 2013 they're claims had a $1.3 BILLION valuation when Rhodium was only $1,000 per ounce. Currently today Rhodium is worth $29,000 per ounce and has become one of the most sought...