Take a look at this chart showing how the safe-haven metal platinum has been underperforming and is now at major support. I expect money to flow out of the leader palladium and into platinum over the next few months. See Palladium chart:
Take a look at the chart. Price is forming another blow-off top pattern and reaching its Fibonacci price target. Expect money to flow out of this, and into Platinum for a few months. See Platinum Chart:
XPTUSD is approaching the strong 1W Resistance Zone (873.80 - 878.10). In the past 15 months this level has provided a pivot point 4 times. When tested as a Resistance it rejects the price downwards. In addition to that 1D has heavily entered into overbought territory (RSI = 77.235, STOCH = 80.786, STOCHRSI = 100.00, Williams = -3.226, Ultimate Oscillator =...
Monthly chart: 14 years long support zone + Convergence on RSI(14)
These charts deserve a closer look. :) Platinum / Palladium ratio just touched an all time low. You can see the explosive move up, following the last time the price ratio of these two metals touched this level. Considering the platinum chart on its own... Price recently found support from a ten year old support level... $750. Since then price has mostly...
don't sell ,watch and buy from bottom.
Platinum has entered the 831 - 840 1D Resistance Zone (RSI = 63.418, MACD = 4.360, Highs/Lows = 20.0393) and following the impressive rise since last week 1D stochastics have turned overbought (STOCHRSI = 99.355, Williams = -7.945). This is a good opportunity to sell. Risk seekers may target the 775 - 785 Support Zone but we will settle for the median. TP =...
Platinum is currently on Support zone and present a good buy opportunity with high potential . If you like this trade idea moon up the like button and we welcome your comments. ALL THE BEST
H4: - Tendency: upward - Above support - Candle: Bullish => UP
Platinum is close to completing the current bearish leg started this month with 4H touching oversold levels (RSI = 25.857, STOCH = 28.684, STOCHRSI = 26.493). On 1D terms (RSI = 37.592, MACD = -0.910, Highs/Lows = 15.9250, BBP = -19.6820) the price is approaching the 775.55 - 785.20 medium term Buy Zone, presenting an optimal long opportunity. The target can be...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Trying to figure out the evolution of the trend, we approached a strong historical support + bull triangle pattern + MACD & Signal + low volumes on bearish movement.... All this let me suppose a possible uptrend, unluckily we don't have confirmation from RSI and Put/Call Ratio. What do you think about it? :)
According to WPIC, the fundamentals of the platinum market are expected to improve in 2019: increased demand and reduced margin. So it's likely that PT will break the triangle and go forward to 810 soon. Keep patience to wait for the opportunity.
A comparison of the weekly charts of Anglo Platinum, Impala, Northam with their relative strength (RS) to the Top 40 is presented. A 40 Week or 200 Day MA has been put on both the price chart and RS. Anglo Platinum has the strongest momentum and is breaking a longer-term trading range (TR). Lonmin is still very week. Impala has had some recent strength in a wide...
Platinum is on its way to complete a Head and Shoulders pattern on positive gradient, a pattern that was previously identified from late September - November. The similarities are strong and leads us to expect that a similar candle sequence will be followed. This suggest that the price should rebound close to 786.85 and seek a upper neckline of the RS between the...
Oh looky, 2001 & 2008 had Palladium crash down with the stock market, Platinum went up inversely. I wouldn't short Palladium cuz it's still on a hell of run, but something to watch. Platinum is at major support right now and Palladium is at ATH's......... LONG PLATINUM!
Pretty good r/r if you ask me, last time it hit this level it took off, my sweet long-term PPLT Stock hold.