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.
Plat will not be left out of silver and gold gains. Watch this break out. A breakout is IMMINENT. Do not miss this RALLY.
Platinum hit a 15 year low in August 2018. Since then price has been consolidating. Platinum historically has been more expensive than gold. Price has possibly broken above the bearish trendline and looks ready to break out. Seasonality supports the break higher. charts.equityclock.com On the downside, there seems to be strong support around $780.
Platinum builds a rising wave structure. You are currently in an accumulative phase. You can spike it down, but we don't assume a permanent downward decline. The exchange rate may move in a double rising wave structure, and this wave structure will double, and the exchange rate will accelerate. The goal of the exchange rate is 1100 usd. Forward rise predicted.
Platinum has lost its shine for some time now. This LPLA ETF seems cheap to me.
I think it could be time to go long from here.
Platinum futures are moving in a clear downtrend as suggested by the weekly chart. On the 4-hour chart, prices seem to be moving in a downtrend and forming a falling wedge pattern. We can speculate a brief break to the upside, followed by a continued downward movement. However, my bias is short as most markets are hit hard by the power of the bear.
I want to bring the light about a spectacular move that could unfold very soon, already started actually, involving a decoupling of gold and japanese yen. you must look at the japanese index chart (a forgotten one, people focusing too much on the dollar index). the configuration is so clear, we have a triple bullish divergence with a beautiful first two lows...
Aprox. levels: SS 816.4; SL: 850; TP 600 (36%) (-4%) = 32
QUICK GLANCE at this "precious metal" (what a ridiculous term) could be a great buying opportunity to go long. expecting a marginally lower low.
XPTUSD Trading Bias: Short Technical Strategy: Head & Shoulders *Must wait for break & close past neckline. The support channel is of significant interest. If we bounce, then the ideal short scenario is shown using the purple arrows*
I am going to wait for the price to break out of the correctional channel in the lower time-frames; and if it breaks to the downside, we we will taking a short position.
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.
Falling wedge + bullish divergence on monthly chart. As soon as it breaks the descending trendline, a long position could be considered in my humble opinion.