Trading suggestion: . There is a possibility of temporary retracement to suggested support line (797.31). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Platinum/USDollar is in a range bound and the beginning of uptrend is expected. . The ascending flag taking shape suggests we will soon see...
Platinum, monthly chart: 11 years long(!) support zone + Triple divergence + Morning Star
As per observations on the chart, the Spot price of Platinum does not look bad at all and seems to be setting up to break the bear market that we have witnessed over the last decade. Still lots of work to do, but early signs are there as per the chart. Above $1000 and we could then argue that the bull market in platinum has once again began.. The South African...
I feel emphatically sorry for any trader that does not watch the video (link in comments) before market open.... Seriously, if u wanna make money, don't be stupid and neglect such a gem...
possible bullish continuation. TP Range : 960-1000$/oz.
In March 2008, Platinum reached just shy of 3000.00. At the same time, Gold was closer to 1000.00. Take a look at Gold now and also this nice flag on Platinum. I posted to buy it at 600.00, but right now it is setting up to produce a very large higher time frame candle. Remember this is for investing, not scalping.
A shark pattern is near completion on the 60 minute Platinum chart. #Sell #Short T.P @ 813.141 R/R = 2.77%
The market goes up but a major resistance could limit the rise And don ‘t forget to take your profits…
The market goes back down but TWO major resistance could limit the fall. And don ‘t forget to take your profits…
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Just an idea, haven't shorted it. If there's a fundamental reason you think Palladium should be higher, please let me know.
Two platinum/palladium miners that are set to catch up with the broader market rally. SBSW: Above its VWAP from recent peak, VWAP from February peak and VWAP from March low. Also consolidates above 50 EMA which found support at the 200 EMA and is now pushing price higher. I have removed the 5 and 20 EMA in order to see the VWAPs but please add them to your own...
Pattern: 1D MA200 rejection. Signal: Bearish as the rejection took place on the RSI support level. Target: When the RSI hits 33.73. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Price seems to be obeying previous trendlines (red dotted line & pink line). As price meets vwap once more, it looks like a good area for shorting. Wait for an entry reason, what ever you choose on a lower time frame.
Okay, here is the DXY or the Dollar Index. Part 1... This post is going to be quite long as it is going to serve as the post that introduces something im gonna try and update weekly. the COT Report. Now, i had no idea what the COT report was until i watched and looked at a very popular, here on TrdingView, trader's charts and saw his very useful indicator! I did...
Gold creating moves to push higher holding a line of momentum to the upside. Could see a consolidation to the right to test the inner lower trend line rather than a test back into below consolidation XAU: Silver has given it a red hot nudge to the upside sitting within the 75% region of the upward channel. Note it has created a new outer trend line. For...
This shows the Quotient of the Dow Index versus Ounces of Precious Metals Gold, Silver, Platin, Palladium Ir shows whether metals are cheap or expensive compared to the Dow Index. Low values mean: buy that metal, since it is cheap compared to High values mean: sell that metal, since it is expensive compared to stocks This is the game that the rich and wealthy...