Hello Traders Investors And Community, Welcome to this analysis where we are looking at PLATINUM 4-hour timeframe perspective, the recent events, the current formation, and how possible set-ups can resulting out of it. PLATINUM is trading in this huge possible rising-triangle-formation marked in blue which can reverse the established bullish trend to the...
Platinum (XPTUSD) is rebounding after entering the S1 Zone, which is the bottom part of the Rectangle pattern that has been keeping the price action sideways for the past three months. The 1D technical outlook is neutral (RSI = 45.406, MACD = -7.150, ADX = 37.615) as a result, which justifies this ranged price action. The 1D RSI is rising on a HL trendline, thus...
In a post on Silver from June, I analyse that a run to $33 is on deck: Silver - 33 Moons And An Options Opportunity In the time that has passed, we've had two ~10% bounces that have been sold off. To me, this is a peculiar pattern for a trendline play that leads to new lows in the immediate term future, and represents confirmation that $33 is on...
Bearish Setup -Price was in an uptrend but now it has stopped making higher highs. -RSI is also showing bearish divergence -The price point has also rejected from resistance
Nominal 10-year Treasury yields have risen to the highest level since 2007. Just when we though the bond sell-off of 2022 was behind us, it came back with a vengeance. Hawkish Federal Open Market Committee (Fed) minutes and a string of positive economic data from the US are casting doubts whether we have reached peak interest rates in the US. The Fed certainly has...
They call copper "Doctor Copper" because it's said to forecast the overall world economic conditions on account of being tightly wed to manufacturing. Well, what people are really yammering about with that over the last 20 years is whether or not the Chinese Communist Party is healthy, and the world by proxy being healthy because it tied itself to the most...
See the three touches on the upper trend line. If this line holds, the DX price could move down to the 98 area. Also the RSI (10) is overbought. Such a chart could be used to short the DX, or to go long the EUR/USD and the precious metals such as gold, silver, platinum. If I were to trade the DX short, I would place an extra big stop loss, maybe at 103.90 or at...
As we expected in the previous published idea, we got a nice follow up after the price formed a double bottom. The price has risen to the first resistance level. Breaking this will push the price to the 980 level. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
3.5% is a lot in gold, and that's about the range of the total landslide we've been through the entirety of August so far. It's the kind of pattern where goldbugs and USD collapse narrative nerds go long and go long or hodl and hodl but the price never goes up. In my last call on gold from the beginning of July, I warned that $2,000 was a death trap. That call...
(Using 3-Day candles for visibility only. Consult weekly/daily yourself) I have an open call on Gold in that I believe a new high will be set, but it won't actually be bullish, because metals are going to dump pretty hard in the future and try to make retail sell their bullion. Gold - When A New ATH Prints, Will You Get Trapped? I hadn't paid a lot of...
While long term us yields have been rising heavily, we saw harsh drops on the precious metals including OANDA:XAUUSD , OANDA:XAGUSD and $OANDA:XPTUSD. Platinum has started show reversal movements. The price formed a double bottom and breaking the middle point. RSI also shows the bullish divergence. Additionally, the ratio between platinum and gold also formed...
The price fell hard in the last weeks under the yearly support find, but is finally showing some reversal signals. The green trendline is coming from last August. Both RSI and OBV show some degree of bullish reversal signals. The supertrend painted BUY in 4h. If we can clear the band at 925$, OANDA:XPTUSD can see the 980$ area quickly. Depending on how fast we...
I have Listed Silver, Copper, Platinum, Palladium, Aluminum, and Gold into one chart. These are 6 of the top Metals all in Heikin Ashi Candle form. They all have their own complex Fibonacci Clusters within each one. It may look confusing at first. But understand that one set of lines are horizontal extensions and another set are angled extensions within each one.
This is a follow up to my June 2 call for a new ATH on Gold, that will be bearish, instead of bullish: Gold - When A New ATH Prints, Will You Get Trapped? In the process of tracking this, price action did not meet expectations (in the sense that it has not traded low enough), and so I began to reconsider the overall topography of the market. Also, right...
Platinum (XPTUSD) is having a strong start to the week following a streak of 2 red 1W candles rejected on both the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line). Regardless of the obvious 1W Golden Cross pattern that those two are aiming to complete, the price got again near the 895 - 903 Support Zone, which has been closing all 1W candles above since...
Technical Analysis: As you can see, there exist a Hidden Bullish Divergence with MACD and it is the very sign of bullish trend continuation as the Price is Bullish Bounding in an ascending channel. We draw Fibonacci retracement from the low to the top of previous impulsive wave for specifying the Bullish Cycles and the Possible Pivot Points and Reaccumulation...
Broadening Formation (Megaphone) has formed on the daily, The indicators are all showing bearish but I can't help but feel that the breakout will be up. Regardless, price action is saying the following Trend direction down 7 < 21 < 200 RSI =50 Bearish So, once we get a breakout we will know exactly what to do.
It's not that I am fundamentally bearish on gold. Actually, I am fundamentally bullish on gold. But it's because I think the fundamentals of gold are bullish that this commodity is not bound to pump while the MMs have tipped their hands that they're going to sell Artificial Intelligence and Chinese Communist Party garbage to a willing horde of retail zombies and...