Palladium started strong selloff while Platinum holds strong. PA:PL ratio was at historical highs. Platinum is holding strong and did make new highs when Palladium made lower high. COT is confirming reducing commertials positioning in Palladium
Hi all, Heres a video summary... XPT has been giving me the eyes from across the bar all night... However, I am sitting on my hands patiently waiting for absolute confirmation before striking. These sensational charts are suggesting to me we are approaching a potential long term trend reversal! Here are my confluent reasons why... 1. Falling wedge...
Platinum / U.S. Dollar FX_IDC:XPTUSD Pattern: Channel Up on 1D. Signal: Bullish as long as 866 holds. Target: 930.00 (the next Resistance on 1W). * If 866 breaks be ready to short to 833.00.
Pattern: Channel Up on 1D. Signal: Bullish as long as 866 holds. Target: 930.00 (the next Resistance on 1W). * If 866 breaks be ready to short to 833.00.
Platinum prices are currently moving in an ascending channel on the 4-Hour timeframe, and they arfe currently almost completing a bear flag pattern. We can expect prices to move down and test the support zone at 874.30, and then push higher as they will be upper band of the ascending channel. Possible targets can be the length of the pole of the bear flag...
It looks like platinum will outperform in the next 2-3 months before plunging to the final new low on the daily chart.
Platinum is looking ready to explode (go look at my Platinum chart) and PPLT is slowly following platinum. I'm bullish over the medium-term
I think platinum has now completed leg C and is on its way up to leg D before sellers come in again. It may extend further down a bit more before going up but i think this is a good level to buy before shorting again. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
Platinum is approaching important crossroads on 1M. Trading on a long term 1M Channel Down (RSI = 50.828, MACD = -31.030, Highs/Lows = 27.2071), the very bullish 1W leg is closing in on the Lower High of the 1M Channel Down on overbought 1D action (RSI = 73.845). Technically we should be expecting a rejection towards the 1M Support Zone. But since this Support...
- Price is at a strong weekly resistance - RSI represents an overbought condition on the daily - Wait for price action to go short Trading with the trend.
LONG, around key resistance points with fib retrace and fib time
Been watching this metal for a while. Man I love a dog sometimes. It has been beat down with no attention. Everyone loves Palladium, well I have news for you, there is a cheaper option and its now Platinum. We need to break 900 to see the massive move I have been waiting for.
Good weekend everyone, Quick look at platinum OANDA:XPTUSD ; WEEKLY: As we can see on weekly chart (right on top) platinum is on a downtrend since 2016 and show no bullish signals so far, again rejected the descending trendline. DAILY: On our daily chart (bottom) we see that ~875 usd level has been a strong resistance level, tested 4times now and was a...
2019 is the year of Platinum
Pattern: Ascending Triangle on 1D. Signal: Bullish as the price made a Higher Low. Target: 874.00 (the 1D Resistance Zone).